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Politics : A Real American President: Donald Trump
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To: Garlic Breath who wrote (125038)3/9/2019 6:45:56 AM
From: Bearcatbob  Read Replies (1) of 457877
 
The US desperately needs more tax revenue to fund our current level of welfare state. That increase in itself is going to be huge. The problem is the mood of the country seems to be to expand the welfare state.

1. I do not support increasing the corporate rate - but I would scrub the code to minimize loop holes. It is the rate that impacts investment decisions.

2. Tax increases should not be regressive.

3. That brings us to the top tax rate. I see no reason the upper brackets cannot be increased. The revised corporate rates should be there benefit.

Somehow we have to pay for this pop stand. Just imagine the state and federal deficits the inevitable next recession will bring.

IMO we are now all giddy with the joy of a great Trump economy. Some morning we are going wake up with a severe hangover. Blue states will be particular disasters.
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