Tag Archives: spending cuts

Patriot Tax?

 

How about a Patriot Tax to pay off the war debt which the United States accumulated as a result of the Afghan and Iraq wars? Those who favor tax increases to lower our debt and those who favor spending cuts might cease their constant paralyzing disagreements by considering this tax.

Those who wish to raise revenue through taxes could recognize a Patriot Tax as a way to pay off debts without cutting Social Security or Medicare. Those who wish to cut spending could nevertheless see the Patriot Tax as justified, since this tax would pay only for the debt from two wars voted by Congress, in which our troops risked their lives.

Normally, when the country fights a major war, Congress and the President raise taxes to pay for it. We did not do this for the Afghan and Iraq wars. Thus, a Patriot tax seems fitting, even if a bit late.