LeMieux to hold public forum on growing U.S. debt in Tampa

But it is on the rates on income taxes which could dominate town hall meetings this August.  The Obama administration has indicated that it wishes to maintain those tax cuts for those citizens making less than $200,000, and couples making less than $250,000, but does want to raise them above that for those making more than that.

Those rates would go back for those making between $209,251-$373,650 from 33% to 36%, and for those making more than $373,651 from 35 to 39.6%, like they were in the Bill Clinton administration.

But in the past few weeks, Republicans, clinging to the belief that the richest 2% includes small businesses that would be devastated by such cuts, have been arguing that they need to be maintained, and that it won't matter to the deficit if they are not restored (they are expected to cost $678 billion over ten years).

We look forward to hearing Senator LeMieux's thought on that.

Last month, Erskine Bowles, the co-chairman of the 18-member debt and deficit committee named by President Obama said "this debt is like a cancer."

Bowles and Alan Simpson, the former Republican U.S. Senator from Wyoming and the co-chair with Bowles of the committee, said that the committee is  fully consumed by three programs: Social Security, Medicare and Medicaid.

The Fiscal Solutions Forum will be held next Wednesday, August 11, 5:00 p.m. at Stetson University Tampa Law Center, 1700 North Tampa Street.  The event will be held inside the Smith Courtroom.

If you plan to attend, please RSVP by email to [email protected]

If other news regarding Senator LeMieux, he announced today that he will oppose the nomination of Elena Kagan to the U.S. Supreme Court.

Florida Republican U.S. Senator George LeMieux will be hosting a meeting on possible solutions to the country's long term budget issues next Wednesday in Tampa at the Stetson Law School campus at 5 p.m.

Joining him will be one of the most revered public officials when it comes to talking about the debt, former U.S. Comptroller General David M. Walker, along with the Concord Coalition's Executive Director Robert L. Bixby.

Led by the Tea Party over a year ago, concerns about the growing debt have catapulted into a leading issue for Americans, which troubles some progressive economists who believe the ailing economy needs more stimulus right now, instead of pulling back and worrying about the debt and deficit.

It also comes as debate is expected to heat up when Congress returns back to Washington in September regarding what to do about what are known as the "Bush tax cuts." Those include escalations of not just income rate levels, but also on capital-gains, dividends and the estate tax.

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