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Whom will you tax to increase IRS revenue by 2 trillion per year?

BoiledCabbage 2y ago
The lowest the deficit has been in the past 20 years was the year Obama handed things over to Trump. The lowest it's been in the past 30 years was the year Clinton handed it over to Bush. Maybe stop giving control of our purse strings to the people digging us into this situation.
- stouset 2y ago
  It turns out that the tax-and-spend moniker Democrats were labeled with is infinitely preferable to the spend-and-spend-and-spend behavior Republicans have implemented in practice.
  - daveguy 2y ago
    Well, republicans have only been trying to push tax and spend for the last 40+ years.
    - alabastervlog 2y ago
      The problem is Republicans spend (it’s actually super hard to cut government spending, a whole lot of it is very popular or is spending that saves money in other ways) and cut taxes. They’re talking about doing it again. They are full to the eyeballs with shit when they complain about the deficit.
      - daveguy 2y ago
        I agree. The Republican Party is kinda doing that whole governing thing wrong, aren't they? I think Trump's actions really did surprise a lot of people.
Tostino 2y ago
Slightly increasing the Social Security cap would go a long way towards it.
daveguy 2y ago
Billionaires, billionaires billionaires, billionaires! And multimillionaires, and somewhat the millionaires. See also, this post which is one of the most succinct statements on the state of taxes, spending, and the deficit that I have seen: https://news.ycombinator.com/item?id=43224201#43224843 https://news.ycombinator.com/item?id=43224201#43224843
LorenPechtel 2y ago
Reverse the last two Republican tax cuts, wait a few years and reevaluate.
kemotep 2y ago
If we convert to a land value tax we could cut all other taxes (income, payroll, corporate, capital gains, etc.). Then with the roughly 500 million acres of non-agricultural private property in the United States treating every acre equally the tax rate would be $14,000 per acre to raise $7 trillion. That covers the current ~$6.7 trillion Federal budget (including the current deficit) plus a few extra 100 billion dollars to start paying down the over 30 trillion in debt.

The lowest the deficit has been in the past 20 years was the year Obama handed things over to Trump. The lowest it's been in the past 30 years was the year Clinton handed it over to Bush. Maybe stop giving control of our purse strings to the people digging us into this situation.

stouset 2y ago
It turns out that the tax-and-spend moniker Democrats were labeled with is infinitely preferable to the spend-and-spend-and-spend behavior Republicans have implemented in practice.
- daveguy 2y ago
  Well, republicans have only been trying to push tax and spend for the last 40+ years.
  - alabastervlog 2y ago
    The problem is Republicans spend (it’s actually super hard to cut government spending, a whole lot of it is very popular or is spending that saves money in other ways) and cut taxes. They’re talking about doing it again. They are full to the eyeballs with shit when they complain about the deficit.
    - daveguy 2y ago
      I agree. The Republican Party is kinda doing that whole governing thing wrong, aren't they? I think Trump's actions really did surprise a lot of people.

Tostino 2y ago

Slightly increasing the Social Security cap would go a long way towards it.

daveguy 2y ago

Billionaires, billionaires billionaires, billionaires! And multimillionaires, and somewhat the millionaires. See also, this post which is one of the most succinct statements on the state of taxes, spending, and the deficit that I have seen: https://news.ycombinator.com/item?id=43224201#43224843 https://news.ycombinator.com/item?id=43224201#43224843

LorenPechtel 2y ago

Reverse the last two Republican tax cuts, wait a few years and reevaluate.

kemotep 2y ago

If we convert to a land value tax we could cut all other taxes (income, payroll, corporate, capital gains, etc.). Then with the roughly 500 million acres of non-agricultural private property in the United States treating every acre equally the tax rate would be $14,000 per acre to raise $7 trillion. That covers the current ~$6.7 trillion Federal budget (including the current deficit) plus a few extra 100 billion dollars to start paying down the over 30 trillion in debt.