Avoid 'fiscal cliff'

Posted Wednesday, Dec. 05, 2012 0 comments  Print Reprints
A

Have more to add? News tip? Tell us

Just like a bunch of lemmings we are all going to throw ourselves over a cliff -- the fiscal cliff, just to protect the wealthy of this country. My question is why? Why take a chance of returning to a recession?

Economists have proven that high tax rates for the top bracket do not hinder job growth. In the 1950's the tax rate for the top bracket was 91 percent. Since then it has gradually fallen to 35 percent. This is, of course, before all the deductions which allow them to pay less, sometimes as a percentage, than the middle class.

Yes, they do pay a lot, but they have taken a lot from this country. I do not deserve nor lay claim to their money. But I definitely will not protect their bank accounts at the cost we are all going to pay if there is no bipartisan agreement reached.

I just hope for all our sakes the Republican Party pays attention to what happened in the last election. They did not just lose the presidential race, but their platform was also repudiated.

-- Frank Wilson, Fort Worth

Looking for comments?

We welcome your comments on this story, but please be civil. Do not use profanity, hate speech, threats, personal abuse, images, internet links or any device to draw undue attention. Comments deemed inappropriate will be removed and repeated abusers will be banned. NOTE: If you log in using your Twitter account, your comments will be signed using the name on your Twitter profile, NOT your Twitter user name. Read our full comment policy.