Today’s ‘Duh!’ moment: Tax increases, spending cuts will hurt

November 7, 2011

Not to turn today into total Joint Select Committee on Deficit Reduction Monday, but I just couldn't let this headline pass without comment:

Lobbyists warn members of the 'super committee':
Cuts and tax increases will hurt

Uh, isn't that the point?

The automatic cuts in both defense and social programs are obviously designed to spread the pain around if the deficit reduction panel is unable to reach an agreement by Nov. 23.

And even if the 12 bipartisan members from the Senate and House can hammer out a plan, the goal there also should be shared sacrifice in bringing down Uncle Sam's debt.

On second thought, maybe we do need to state the obivious a little more often, especially for the folks on Capitol Hill.

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Hello Tax Season 2026

Happy New Tax Year! Are you ready to file your 2025 tax return? I know, too early to ask. But Tax Day 2026 will be here before we realize it. The Internal Revenue Service deadline to file and pay any tax we owe is the regular April 15 date this year. It’s also Tax Day for most of the states that collect income taxes from their residents, which is most of the states! If that seems too far away right now, don’t worry. As is the case every tax season, the ol’ blog’s tips and other tax reminders should help all of us meet our state and federal responsibilities. Procrastinators also will want to keep an eye on the countdown clock just below. It tracks how much time we have until April’s Tax Day, just in case we put off our annual tax task until the absolutely final hours and decide we need to instead get an extension request into the IRS by that date. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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