Wednesday, July 13, 2011

The Deficit Reduction

It is more than time for the Congress to reduce subsidies, like for owner of executive jets, deduction of interest on mortgage on yachts, subsidies on ethanol that just make the price of corn to get higher generating inflation, reducing subsidies on agriculture, specially after more than 3 years, and specially the last 2 with great profits for farmers due to very high prices of grains and other farm products. Why not increase tax on cigarettes? And alcohol? People won't smoke or drink less, but will increase government revenues.

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