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These are the menu of taxes needed to calm bond market, if spending cuts aren’t possible
Posted on 5/23/25 at 11:17 am
Posted on 5/23/25 at 11:17 am
Jeez
Posted on 5/24/25 at 7:24 am to HailHailtoMichigan!
They will go to war with US citizens before they cut the defense budget that much.
Posted on 5/24/25 at 7:33 am to Boss13
2024 defense spending was 2.7% of GDP
Posted on 5/24/25 at 7:51 am to HailHailtoMichigan!
Wonder what raising age limits does, or means testing. I want neither, just looking at options
This post was edited on 5/24/25 at 7:52 am
Posted on 5/24/25 at 8:08 am to HailHailtoMichigan!
If being honest, a lot of those make fiscal sense.
Politically about half those would be career suicide. Maybe more than half.
Politically about half those would be career suicide. Maybe more than half.
Posted on 5/24/25 at 8:01 pm to Boss13
quote:
They will go to war with US citizens before they cut the defense budget that much.
Citizens will go to war with Congress if they raise income taxes by 10% as well as implement a 20% VAT.
Posted on 5/24/25 at 8:37 pm to HailHailtoMichigan!
The tariffs are functionally the same as a VAT, except harder to enforce, easier to skirt.
I assuming taxes need to go up. Raising the rates on capital gains and income over a certain value ($1,000,000?) seems like the most viable. Corporate rates should also be higher. If you are going to lower the corporate rate like Trump did in 2017, income deductions and credits should also be pared down.
I assuming taxes need to go up. Raising the rates on capital gains and income over a certain value ($1,000,000?) seems like the most viable. Corporate rates should also be higher. If you are going to lower the corporate rate like Trump did in 2017, income deductions and credits should also be pared down.
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