How about repealing every tax cut passed since George Bush Sr instead?
The tax cuts have only increased the income disparity in this country and driven up the debt, plus get rid of that interest carve-out. A goodly portion of the surpluses under Clinton were from the money coming into the government from the tax structure set up under GHWB. Social Security payroll taxes will probably need to be raised, too. There was a semi-recent item that said if they had been raised by the tenth(s) of a percent that was proposed in the 80s(?), SS and Medicare would have been funded in perpetuity without needing money from general tax revenues.
Put a fence around the money from the tax increase. 90/80% of the new income must go to debt reduction until it reaches 25% of the level of the day it is signed and only 10/20% can go into spending.
St. Ronnie is dead. His "voodoo economics" (that's what GHWB called it before anyone else did) needs to have the rosewood stake driven through its heart, too.
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In response to this post by HoodatB)
Posted: 02/08/2023 at 1:24PM