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You don't need a constitutional amendment. You just need to tell the GOP no tax cuts unless they can find revenue offsets. Even Reagan and daddy Bush had ti reverse some tax cuts.
The Democrats did not let the GOP cut spending. Regardless, why not have a law that makes our lawmakers fiscally responsible (regardless of the party)? I find it at least reasonable to consider, and not some kind of sinister plot by a shadowy cabal of billionaires.
The Democrats did not let the GOP cut spending. Regardless, why not have a law that makes our lawmakers fiscally responsible (regardless of the party)? I find it at least reasonable to consider, and not some kind of sinister plot by a shadowy cabal of billionaires.
To do so all of Trump's tax cuts will have to be reversed. Cuts to Medicare/SS will lead to riots. Mississippi would vote AOC in as president. Despite what you might think relatively little Fed $$ is spent on welfare. Some of the biggest users of Medicaid are middle class people in nursing homes, or with special needs kids, so that doesn't go either.
Look to see how Clinton cut the deficits. He RAISED taxes. And yes the shadowy cabal of billionaires will be enraged when their capital gains/investment income are taxed at the same rate as earned income, and many of their loop holes are removed.
To do so all of Trump's tax cuts will have to be reversed. Cuts to Medicare/SS will lead to riots. Mississippi would vote AOC in as president. Despite what you might think relatively little Fed $$ is spent on welfare. Some of the biggest users of Medicaid are middle class people in nursing homes, or with special needs kids, so that doesn't go either.
Look to see how Clinton cut the deficits. He RAISED taxes. And yes the shadowy cabal of billionaires will be enraged when their capital gains/investment income are taxed at the same rate as earned income, and many of their loop holes are removed.
1. FYI, Clinton lowered cap gains taxes from 28% to 20%. The way he decreased budget deficits was a combination of cutting spending and raising taxes.
2. I never said anything about cutting medicare or SS. All I am saying is that whatever party proposes additional spending, whether Dems or Repubs, they can't just borrow money for their pet project. For example, it would be much more of a deterrent to go into Iraq if it came with a 5% income tax hike to pay for it.
By the way, I don't think there are many countries in the world that tax long term cap. gains as regular income straight up. Even Sweden taxes investment income at lower rates than their income tax (30%), and it is a flat rate, not even progressive scale like in the US (if you are lower class you'd pay the same tax rate as the IKEA CEO). Their corporate tax rate is 21.4%, very similar to Trump's rate of 21% that everyone complains about. The reason is, unlike a job, cap. gains are very easy to move around to different jurisdictions (since you are just shifting money around), plus you want to encourage investment in your own country instead of capital flowing outside.
To do so all of Trump's tax cuts will have to be reversed. Cuts to Medicare/SS will lead to riots. Mississippi would vote AOC in as president. Despite what you might think relatively little Fed $$ is spent on welfare. Some of the biggest users of Medicaid are middle class people in nursing homes, or with special needs kids, so that doesn't go either.
Look to see how Clinton cut the deficits. He RAISED taxes. And yes the shadowy cabal of billionaires will be enraged when their capital gains/investment income are taxed at the same rate as earned income, and many of their loop holes are removed.
Not to mention when middle class people get major illnesses such as cancer, they have to go on medicaid. Private insurance doesn't cover things like cancer long term.
1. FYI, Clinton lowered cap gains taxes from 28% to 20%. The way he decreased budget deficits was a combination of cutting spending and raising taxes.
2. I never said anything about cutting medicare or SS. .
You cannot decrease long term spending w/o touching Medicare/SS and that is off the table, so the only way to do this is to cut defense (also off the table even though the GOP want Kurds to die and just wish to enrich themselves thru lucrative defense contracts). We have to service our debt.
So the only way to reduce debt is to raise taxes and the highest income earners and the best way is to reduce tax loop holes and to raise taxes on investment income, as the upper middle class cannot afford higher taxes either. Look at Trump's tax cuts as an example.
Not to mention when middle class people get major illnesses such as cancer, they have to go on medicaid. Private insurance doesn't cover things like cancer long term.
I think that you got it back to front.
1. Only poor people get Medicaid so its not available to the middle class except if they have a special needs kid, or to pay for long term care and that only after their assets are exhausted and income (above a certain level) utilized. So those public servants with their hefty pensions CANNOT get Medicaid to pay for their home attendant. If they own property (aside from where they live) and/or an investment portfolio, they have to liquidate.
2. Medicare demands 20% of the cost of the physician to be paid for the patient, and it could get even worse if the doctor bills higher than the Medicare rate and demands that the patient makes up the difference (balance billing that they often make patients sign).
3. Medicare part A requires a $1,341 deductible for the first 60 days, $341/PER DAY for each day after this, and if the person is still confined an additional $682 PER DAY for a remaining 60 days LIFETIME. These extra 60 days are lifetime so act as a life time limit, which private insurance is no longer allowed to do, under the ACA. And we haven't even gotten to the prescriptions, which for a cancer patient are quite high, unless they have some sort of private supplement plan.
Do you know that 20% of the Medicare beneficiary also get Medicaid and an additional 55% get private insurance supplements (either Medigap or Medicare Advantage).
ONLY 25% OF MEDICARE BENEFICIARIES GET PURE MEDICARE. WHY if its so good? Why do so many supplement their Medicare with supplements provided by private insurance companies.
You all "Medicare For ALL" folks need to stop misleading the public. There is a reason why Medicare Advantage and Medigap plans exist! So private insurance does cover middle income people long term, even those on Medicare!
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