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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 by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73015 posts
Posted on 5/23/25 at 11:17 am
Jeez





Posted by Boss13
Mobile
Member since Oct 2016
1816 posts
Posted on 5/24/25 at 7:24 am to
They will go to war with US citizens before they cut the defense budget that much.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
50824 posts
Posted on 5/24/25 at 7:33 am to
2024 defense spending was 2.7% of GDP
Posted by AndyJ
Member since Jul 2008
3424 posts
Posted on 5/24/25 at 7:51 am to
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 by Lakeboy7
New Orleans
Member since Jul 2011
28008 posts
Posted on 5/24/25 at 8:08 am to
If being honest, a lot of those make fiscal sense.

Politically about half those would be career suicide. Maybe more than half.
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
34458 posts
Posted on 5/24/25 at 8:01 pm to
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 by ned nederlander
Member since Dec 2012
5459 posts
Posted on 5/24/25 at 8:37 pm to
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.
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