1. Rich people already pay way more taxes than the lower half of incomes, ALL TAXES, Federal, State, Local, School, Sales, etc.
2. Spending MUST be cut. Trump's Budget was $4T, Biden's Budget is $7T. We need to cut, and cut, and cut, and cut. Cutting Federal spending has nothing to do with business investments, unless you are counting all of those unwarranted subsidies.
3. A more progressive standard deduction helps the poor and taxes the wealthy more. You misunderstood my meaning.
4. Raising or removing the cap saves SS, it does NOT help with the Budget Deficit.
5. No matter how you slice it, either we all owe $100,000 or rich people owe $1b each, its a very big debt that need to be addressed as the interest paid is exploding. I don't see any brilliant ideas coming from you how to start paying down the Debt.
6. I dropped the new 4% FEDERAL sales tax idea since I agree that hits the poor too hard. State sales taxes are unaffected.
7. If a recession is what we need to cut spending, then lets go, the sooner the better. Lets stop borrowing and start paying down the Debt.
Looking at what the GOP could cut to get back to 2019 levels, how about:
a. Department of Education
b. ALL subsidies
c. ALL foreign aid
d. Reduce Welfare
e. Reduce Medicaid
f. Defense to 2019 levels (still more than the next 10 militaries)