We are running two trillion dollar deficits, and Trump and Harris are now going to engage in a pandering contest to buy votes — as three quarters of individual income tax revenue already goes simply to pay debt service.
At this point, why don’t we just drop the pretences and cancel all federal taxes? We can just run the printing presses.
Trump has already suggested getting rid of income tax. It’s the right thing if you ask me. Shrink the federal government, substantially. You’re not taxing your way into solvency.
You actually believe President Trump is pandering? Thanks Whoopi...
It costs more to collect tax tips than it generates and stimulates the economy. Less tax brings in more revenue.
If you don't know the difference between Trump and Harris by now I don't know what to say. I won't get into arguments but:
President Trump is for tax cuts because he wants to grow the economy. With excellent growth we increase GDP and the debt to GDP ratio goes down.
Harris will cut taxes on one group and raise taxes on multiple other groups to pay for it. debt to GDP ratio stays the same or gets worse, economy never grows fast enough to put a dent in the deficit. We continue with economic malaise.