I agree with the sentiment, though maybe I wouldn't raise taxes on any single person making less than 50k and any family making less than 80k. It won't bring in the almost $4 Trillion letting the entire tax cuts lapse would bring in, but it would be much more substantial than the roughly $1 Trillion tax hike being proposed by the Democrats currently. The way I see it at least $2 Trillion in taxes over 10 years is needed with about $3 Trillion in spending cuts. And most importantly, we need to make sure it isn't passed through reconciliation so every 10 years it can be used as a political football. Republicans complain about not providing certainty when they themselves play the same games.....
I think the Bush Tax Cuts shouldn't be extended for people making over 1 or 1.5 million a year per say.
Yeah something like your plan making 3 trillion dollar in cuts and the 2 trillion dollars in tax increases could work in my opinion.
How much debt could we eliminate if we eliminated duplicate programs in the US Government? I heard US Senator Tom Coburn(R-OK) said we could elimimate 9 trillion dollars in deficit if we eliminated duplicate programs in the US Government.
Oh yeah raise the retirement age in entitlement programs like Medicare and Social Security too. Have to put that on the table too.
