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Politics : The Trump Presidency
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To: Heywood40 who wrote (5657)1/12/2017 2:16:14 PM
From: TimF1 Recommendation  Read Replies (1) of 361251
 
Maybe, in the absence of any other entitlements, you could raise taxes enough to cover all the social security shortfall. That would have to raise taxes to harmful levels, but you wouldn't have to raise them to the absolute limit of possible revenue so yes its possible,

But you can't cover the looming entitlement crisis by raising taxes. The US has never been able to pull in enough revenue as a percentage of GDP to cover that level of spending no matter how high tax rates go.
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