Democrats Look For Up To $1 Trillion In New Tax Revenues This Year

[OICU812]

Originally Posted by Mr.XXX

The Left wing Beast in Washington will never be satisfied!!!

Democrats look for up to $1 trillion in new tax revenues this year - The Hill

What difference will that make, if we deficit spend our way into $16 trillion in new debt, over ten years?

[padcrasher]

Originally Posted by LAWS

My advice

Add $2 to the federal gas tax. Thats still $2 a gallon below most of Europe.

Have a 10% federal sales tax. Thats still 5-15% below most euro nations.

Reduce the top threholds for the 35 and 39.6% income tax rates.

Double social security rates across the board.


You want to spend like europe, you gotta tax like europe

I'd love to see a Federal carbon tax, and can live with a raise in SS payroll tax to fully fund the program.

[HappyTexan]

Originally Posted by padcrasher

I don't confuse anything. Of course you make a cuts to growth in spending that make a real difference in later years as the economy grows. The CBO has made these projections for years and they are valid.

The CBO is also known to underestimate costs and overestimate cuts big time.
Their simulation modeling needs some big time adjustments IMHO.

[padcrasher]

Originally Posted by HappyTexan

The CBO is also known to underestimate costs and overestimate cuts big time.
Their simulation modeling needs some big time adjustments IMHO.

I don't agree their projections are off "big time". Yes they are off by some minor degree , but they always come back correct their calculations as they should. They overestimated the cost of the bank bailout, and they overestimated the 2010 budget.

[HappyTexan]

Originally Posted by padcrasher

I don't agree their projections are off "big time". Yes they are off by some minor degree , but they always come back correct their calculations as they should. They overestimated the cost of the bank bailout, and they overestimated the 2010 budget.

Yeah but usually they come back after a bill has been passed on their optimistic projections.
By then it's too late for a "do over" on the bill.