Eliminating the Bush tax rates for the "rich" while extending them for the middle class:
$40 to $80 billion a year.
Eliminating corporate "tax loopholes":
Up to $100 billion a year.
We're still a long way from a trillion, aren't we?
Buffett millionaire tax? $3.1 billion a year.
Note that letting that entire 2013 tax bomb hit, along with the things mentioned above, only cuts the current deficit in half.
So what's next?
"Wasteful" spending? Like what?
The entire discretionary budget is about $1.3 trillion, including military.
You're welcome to move the chips around any way you like. Remember, the Democrats can't be seen raising taxes on the middle class, and they have to keep those benefits flowing strong to the ever-increasing number of recipients. You going to keep those payroll tax cuts?
I've spent some time at it. Good luck. It's entirely possible the Great Society has already gone over the cliff.
Current Events » in reply to That will depend on what and grand bargain or tax reform looks like, now won't it?
Let's give some of those things a try.
The whole thread (25 posts)
- Ready for Taxmageddon?
- The sky is falling, the sky is falling.
- Pretending again?
- Re: Pretending again?
- That will depend on what and grand bargain or tax reform looks like, now won't it?
- Let's give some of those things a try.
- Let's wrap this up
- You're not paying attention to the details of the tax hike.
- I'm fully aware of the middle class proporation
- Can we try to remember that deficits actually were at Bush-era levels during the Bush era?
- I'm fully aware of the middle class proporation
- You're not paying attention to the details of the tax hike.
- Let's wrap this up
- We should call their bluff.
- Let's give some of those things a try.
- That will depend on what and grand bargain or tax reform looks like, now won't it?
- Re: Pretending again?