In his recent message to the people, President Clinton said we all must sacrifice in order to bring the deficit under control. Fine. Count me in. If higher taxes are essential to accomplishing that goal, I will gladly make the sacrifice. As a matter of fact, I already know how I will do my part.
My car has 120,000 miles on it, and I had been thinking of trading it in on a new one this year. It has been a good car and still runs well, so I'll just keep on driving it for a few more years. By doing this, my higher taxes can be managed.I do feel sorry for my neighborhood car salesman and the dealer who will lose the sale. Then the state and local governments will lose some sales taxes; but, as the president said, we all must make some sacrifices.
Come to think of it, the manufacturer will sell one less car also, but just one less car can't be serious - unless there should be others forced to do as I do - gee, I hope no one in Detroit loses a job.
There are numerous suppliers to the automotive manufacturers, and they all have employees too who will be affected and - oh my, now I begin to see what he meant when he said "all" will have to sacrifice.
There is one thing that just isn't clear to me in all this. Won't my neighborhood car salesman, the dealer, the manufacturer, the suppliers and their employees all end up paying fewer federal taxes if I don't buy that new car? And if they do, will I then have to pay still higher taxes? I guess I just don't understand how it all works.
John D. Warner
Bountiful