This country definitely needs a tax reform, and as January 1 approaches and attempts to restore the economy are made, I think that two types of tax credit should definitely be eliminated. I’m talking, of course, of mortgage tax credit and child credit.
I find mortgage tax credit to be egregiously offensive. I don’t understand why people who undertook mortgage obligations they could never hope to meet and tanked our entire economy in the process should be rewarded while responsible people like me who are trying to live within our means and don’t buy until we have the money to pay for the purchase should be penalized for our responsibility. Mind you, I’m not saying there should be any tax credits for people who rent instead of taking out a mortgage. These should be private choices by private individuals and it makes me uncomfortable to see the government favoring one of such choices over the rest.
The child tax credit is also something I can’t support for the simple reason that I believe in government staying out of people’s reproductive choices. You cannot support abortion rights and accessible contraception and at the same time be in favor of child credit tax. Either the government should stay out of people’s reproductive choices or it should promote the choice it finds more acceptable. But you can’t have it both ways. Of course, if Roe vs Wade were repealed, God forbid, I would support sky-high child credits.
Please note that I’m not discussing how effective these measures will be economically. Whether they have a positive or negative effect on the economy is not that important to me. I’m not a Marxist which is why I do not believe that the economy forms the basis of everything. I believe that ideas come first and the economy catches up. During the recent presidential elections, we almost saw the “legitimate rape” crowd win. Had they won, they would have done everything in their power to invade our bodies and our private lives. Religious fanaticism has not abandoned its hope to come to power once again and to continue its fight for the control of the most intimate aspects of our existences. If we demand reproductive freedom while accepting pay-offs for our reproductive choices and personal decisions, we run the risk of losing this important fight.