Does the Federal Reserve Pay Taxes?

do you prefer to borrow from the federal reserve to start new government programs or raise taxes now to pay for new programs.

  • Answer:

    If capitalism is such a great way, then let us see some government owned and operated businesses that make vast amounts of national profit, so that taxes can be lowered while still paying for what programs there already are and still funding even more programs.

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Borrow from Federal Reserve? ROFL...they have no money and never did, they are a regulatory agency, not a bank. Our government has no money which is why we borrow from China and basically owe them California, New York and the entire midwest. Government gets its money from taxpayers to pay the INTEREST on those loans that amount to several MILLION dollars per DAY. The national debt has risen from around 3 trillion to over 12 trillion in just the 18 months Obatty has been in office. Now tell me you want more programs funded by a bankrupt country.

CactusWren

I think that there are plenty of un-explored alternatives besides tax now or borrow and tax later. This trend of ever-increasing taxes has to stop. The government should be reducing costs and looking for other sources of income...perhaps turning some government resources towards ramping up industry. The government could be be helping American Industry serve foriegn markets...the increased revenue would mean more tax money coming in without any more sneaky, 'pick-pocket' taxes...!!

FreddyBoy1

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