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re: Here are the massive tax increases coming your way in a second Biden term

Posted on 4/17/24 at 7:45 am to
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36769 posts
Posted on 4/17/24 at 7:45 am to
We gonna have to increase revenue to pay off the debt. If you want a balanced budget the answer can't be less revenue
Posted by FredBear
Georgia
Member since Aug 2017
15056 posts
Posted on 4/17/24 at 11:25 am to
quote:

We gonna have to increase revenue to pay off the debt. If you want a balanced budget the answer can't be less revenue



That's done by cutting taxes and growing the economy, not adding to the tax burden and constricting it like your brain dead democrat heros want to do
Posted by Taxing Authority
Houston
Member since Feb 2010
57425 posts
Posted on 4/17/24 at 11:31 am to
quote:

We gonna have to increase revenue to pay off the debt.
Nope. If you took every dollar of income earned above $1 million, it wouldn’t even balance the current budget, muchless retire any debt. While you could triple rates on the middle class and pickup a lot more revenue… it’s politically suicide.

quote:

If you want a balanced budget the answer can't be less revenue
Only cutting entitlements will work.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
424128 posts
Posted on 4/17/24 at 11:33 am to
quote:

We gonna have to increase revenue to pay off the debt.

That's not going to work, just like growing the economy isn't going to work.

Tax revenue is not going to exceed 20% of GDP.

We have to cut spending.
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