not only that, but a helluva lot of people that did not pay any taxes, are now going to have to....
fair is fair, and this is an increase on EVERYBODY, but the biggest hit will be the lower scale wage earners, ya know, the ones that voted for fubo..
let them eat cake
Very few of the policy changes that CBO has examined in the past are large enough, by themselves, to achieve a sizable portion of the deficit reduction necessary to put the budget on a more sustainable path. In addition, many options that would have a substantial budgetary impact would require large numbers of people to pay more in taxes or receive less in government benefits or services; others would shift significant costs to state and local governments.
It is possible to keep tax revenues at their historical average share of GDP—but only by making substantial cuts, relative to current policies, in the large benefit programs that aid a broad group of people at some point in their lives. Alternatively, it is possible to keep the policies for those large benefit programs unchanged—but only by raising taxes substantially, relative to current policies, for a broad segment of the population.