Better yet ... why not have the RINOs leave the Party and join the Demwits since they vote with them on many occasions. GOP stands for Grand Old Party. It should stand for "old fashioned" values both fiscally and socially. It has lost its way since the Globalist Bush boys infiltrated it and "Socialized" it.
Nope. We need to cut spending. No tax increase ever reduced the deficit.
Agreed we need to cut spending, but...
www.fairus.org
Democrats will simply spend every dime of any tax increase and then 3 more.Agreed we need to cut spending, but...
McCarthy already admitted that you can't cut spending that much. Interest on the Debt is approaching $2T a year.
Here is my recommended path to fiscal sanity, start with the 1% or "penny solution" for 10-years along with these:
1. Add a 4% Federal Sales Tax on all sales (gains ~400b/yr)
2. Add a 0.1%? financial transaction tax on ALL financial buy/sell transactions (stocks, bonds, derivatives, bitcoin, etc.) (gains 777b/yr)
3. Add a Remittance Tax on all money sent out of the US (gains ~$150b/yr, see below)
4. Remove the cap on SS tax, and raise the ages from 62/67 to 63/68 (saves SS)
5. Raise the tax and co-pay for Medicare
6. Add a co-pay for Medicaid
7. So if all of the above taxes were implemented, the $1T Budget Deficit would become a $350b surplus to start paying down the $32T Debt
Financial Transactions Tax: What You Need to Know - SmartAsset
A financial transactions tax is levied on trades made of stocks, bonds, derivatives and other financial products. It is favored by progressives.smartasset.comThe United States Loses $150 Billion Annually in Remittances
Many Americans know very little, if anything, about “remittances,” (also known as “remittance payments”) and how they affect the U.S. economy. The term “remittance” refers to money earned in the United States that is transferred to relatives, friends or business associates who are still abroad...
Bullshit. After the last three Republican presidents were done making a mess of our economy and world standing, a DEMOCRAT had to come in to fix the mess they left behind.
I'm not sure of your numbers, and I'm not sure we should burden the lowest earners (INCLUDING MAGA) with a sales tax on foods and clothing, not to mention "personal services" like Dr. visits ... butAgreed we need to cut spending, but...
McCarthy already admitted that you can't cut spending that much. Interest on the Debt is approaching $2T a year.
Here is my recommended path to fiscal sanity, start with the 1% or "penny solution" for 10-years along with these:
1. Add a 4% Federal Sales Tax on all sales (gains ~400b/yr)
2. Add a 0.1%? financial transaction tax on ALL financial buy/sell transactions (stocks, bonds, derivatives, bitcoin, etc.) (gains 777b/yr)
3. Add a Remittance Tax on all money sent out of the US (gains ~$150b/yr, see below)
4. Remove the cap on SS tax, and raise the ages from 62/67 to 63/68 (saves SS)
5. Raise the tax and co-pay for Medicare
6. Add a co-pay for Medicaid
7. So if all of the above taxes were implemented, the $1T Budget Deficit would become a $350b surplus to start paying down the $32T Debt
Financial Transactions Tax: What You Need to Know - SmartAsset
A financial transactions tax is levied on trades made of stocks, bonds, derivatives and other financial products. It is favored by progressives.smartasset.comThe United States Loses $150 Billion Annually in Remittances
Many Americans know very little, if anything, about “remittances,” (also known as “remittance payments”) and how they affect the U.S. economy. The term “remittance” refers to money earned in the United States that is transferred to relatives, friends or business associates who are still abroad...
Biden just spent $3T more than we pulled in revenue, turd.
Not if the LAW is written that spending cannot increase when the tax increase is in effect.
You will never get both, moron. You'll get the tax, but none of the spending cuts. Dims intended to never never never cut spending. You have to be a fool not to understand that.
We are arguing over things like social security because we were told that it was supposed to last until the 2070's easily when massive tax increases were force on citizens in the 1980's. Progs promised us. Ask Tip O'Neill. Let us create reanimating technology to ring him to life to torture him for eternity.
Trump spent more than 2T, fuckstick. And signed a bill giving a sweetheart tax cut that deprived the country of more revenue.
No such law will ever be enforced.
Actually if we eliminated ALL tax deductions, that would help a lot too. We need another "Great Compromise" on Taxes & Budgets.
Horseshit. What's a "sweetheart tax deal?" Everyone got their taxes cut. Only someone sucking off the government tit would be so fond of tax increases.Trump spent more than 2T, fuckstick. And signed a bill giving a sweetheart tax cut that deprived the country of more revenue.
Gawd, your memory is short.
No..they didn't, son. Most of the "tax cut" went to corporations to bring their international money home to buy back stock...sheesh...
That's a big fat lie.No..they didn't, son. Most of the "tax cut" went to corporations to bring their international money home to buy back stock...sheesh...
LOL!! Tax cuts do NOT pay for themselves. Just look at the increase to the Debt after Trump's moronic tax cut.
Once again you go with a personal attack because you cannot refute my statement.
That isn't a claim I have ever made, douchebag. However, it's a demonstratable fact that no tax increase ever reduced the deficit.
Yes I have put up a solution: simply hold spending constant, and the deficit will disappear.
1. Ok, so you oppose tax cuts. Good.
