The need for redefining the tax code is getting near. The fiscal cliff will soon be here. Will the 1 percent still keep their tax breaks? In an article I read, GOP leader John Boehner stated that this would hurt the job creators. This tax break has been in effect since President Bush initiated the breaks. Well, where are all these jobs that they are creating since the tax breaks? Apparently it is not working well. We should remove the tax breaks. Later in the same article, it stated that 97 percent of small businesses earn less than $250,000 a year. Maybe Mr. Boehner should have read this article.
Also in the article another GOP leader, Sen. Mitch McConnell, called on President Obama to propose a specific plan that includes meaningful entitlement reforms. He referred to Medicare, Medicaid and Social Security. He is right about entitlement reforms, but Congress should reconsider their health care, pension fund and any other perks they elected for themselves. They should be put on Medicare, Medicaid and Social Security. This way they can see firsthand what needs reform. I wonder how much it costs the taxpayers for all their entitlements.