In their recent column, Ball State economists Cecil Bohanon and Nick Curott point out the obvious, that the people that make the most money pay the most in taxes [‘Soak the rich’ will not work for the economy, Jan. 18].
The professors should tackle the challenge of explaining how to balance the federal budget. I am a fiscal conservative that believes we need to do more about balancing the federal budget before the federal debt creates massive problems. If Congress cannot stop overspending, the tax revenue has to come from somewhere and it has to come from where the money is at. I am against the recent tax reductions. Tax reductions are appropriate when the economy needs a boost, but the economy was moving along just fine.