Quote:
Originally Posted by Stu from NYC
Hoping they look at outrageous spending going on.
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When is the last time they did that???
It is usually a spending issue rather than a revenue issue.
In 2018 we were spending less than $5 trillion a year. I am old enough to remember that and I don’t recall people starving or that things were that bad.
If we cut spending back to 2018 spending there might be a need to increase tax rates. Increasing rates does not necessarily increase revenue and cutting rates does not necessarily decrease revenue.
U.S. government - Outlays 2029 | Statista