Seeing as the present state of the American economy is the direct result of laws and policies put into effect by you and your colleagues, I think it's time for some real tax reform.
First, let's allow every tax payer with a mortgage to deduct twice the current mortgage payment - not twice the interest, but twice the entire payment. Since Fannie Mae and Freddie Mac have been complicit, along with the Federal reserve, in ballooning home prices and then bursting that bubble, many Americans now are "underwater" with mortgage balances greater than the value of the property, this is only fair.
Second, since the federal government steadfastly refuses to allow oil companies to search for oil in our own country, allow every taxpayer to deduct the entire cost of fuel for travel to and from a job, medical care, and other normal tasks American families are required to do to stay alive.
In concert with these tax reforms, you must actually cut federal spending, not just propose meaningless smoke and mirror "cuts" that you then complain about as being too big.
We are tired of Congress refusing to do the will of the people. Do what we want. Now. The time is past when you could fool us with speeches and sound bytes. We are watching you.
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Wonder if it will do any good...
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