Posted on 02/23/2023 11:51:04 AM PST by nickcarraway
he’s a fiscal idiot
How about a tariff instead? Not only does it raise massive revenue, it is voluntary ( dont buy dont pay) and it PROMOTES DOMESTIC INDUSTRY.
Another tax collector for the Welfare State.
Wake me up when the nation-wide, massive, all-inclusive tax revolt starts.... /s
Wonder if he ever has sent in extra money on his own accord/
https://www.fiscal.treasury.gov/public/gifts-to-government.html
How do I make a contribution to the U.S. government?
Citizens who wish to make a general donation to the U.S. government may send contributions to a specific account called “Gifts to the United States.”
This account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States. Money deposited into this account is for general use by the federal government and can be available for budget needs.
You mean a tariff like Bush and Obama implemented? And which actually hurt, not helped U.S. industry? Haven't we gotten to the point that we realize Bush and Obama weren't good presidents?
Mr Buchanan is an Arsehole.
Don’t see too many REDUCTIONS OF SPENDING in that list.
How about my plan?
Cut Fed Goobermint by 75%
Bring all overseas troops home and put them on our border.
THEN. we can discuss what else needs to be done.
Until then? Not One Thin Dime More.
Let It All Burn
1/3rd of GDP is government spending. Bush's tax cuts increased government revenue (yay!), but not as much as government increased spending (boo!). Obviously the spending was the problem. Always is.
By the way, this is why I hate using the GDP as the measuring stick for the health of the economy. When 1/3rd of the GDP is government spending, then our economy looks "healthier" when our government spends itself further into debt. When I was married to my ex you would have thought me insane if I had bragged on our "financial well being" due to all the credit card spending my ex did. That's what it's like whenever an increased GDP is used as some kind of barometer for increased financial health of the country.
Increasing tax rates reduces tax revenue....always has, always will.
I'm all for closing business tax loop holes and benefits, like the millions of free trips that salesmen get doing their job....never taxed....golf outings, beach vacations, fancy sports events....all treated like business expenses.....
but make sure you don't claim too much on your donated underwear, like billy bj...
BTW...the simplest solution is to enforce article I section VIII.
“spent $6.3 trillion”
That’s about $18,000/citizen/year.
"Protective tariffs are tariffs that are enacted with the aim of protecting a domestic industry.[1] They aim to make imported goods cost more than equivalent goods produced domestically, thereby causing sales of domestically produced goods to rise, supporting local industry. Tariffs are also imposed in order to raise government revenue, or to reduce an undesirable activity (sin tax). Although a tariff can simultaneously protect domestic industry and earn government revenue, the goals of protection and revenue maximization suggest different tariff rates, entailing a tradeoff between the two aims."
We are bankrupt and they are just choosing a time for us to die. We are being held up by smoke and mirrors of the most corrupt governments in the world.
Stop reading from the leftist playbook. So, do you want to bring Obama back? Remember his tariffs against China?
What hurt U.S. business was regulation and taxation, which you seem to be okay with.
You could get rid of all regulations and taxes and the tariff would still the best way to fund FedGov.
Sorry but leftist hate tariffs. Globalists hate tariffs. Marx was a free trader.
“The Congress shall have the power to dispose of...the territory and other property of the United States.”
Article 4, Section 3
“Although the Continental Congress was quick to provide pensions to soldiers disabled in the war, service pensions were a much more contentious issue. Congress first offered service pensions to officers in 1781, in order to prevent mass desertion. General Washington lobbied tirelessly for the pension, which promised half-pay for life to officers who served to the end of the war. In 1783, the officers astutely recognized that Congress could not afford to pay the pension annuities, given the precarious state of the federal budget. A group of officers at the Newburgh Garrison in New York refused to disband (in effect, threatening a coup) until they were paid. General Washington again brokered a deal — the officers received full pay for five years, paid in a commutation bond. Many officers eventually sold the bond at a steep discount.”
https://eh.net/book_reviews/americas-first-veterans-and-the-revolutionary-war-pensions/
“The government had stopped issuing pay to soldiers in 1777, as the value of the Continental was rapidly declining. So, veterans could legitimately claim that they had not received the pay that had been promised them.”
“With the support of veteran presidents, such as Monroe and Jackson, Congress finally passed pension legislation for indigent veterans in 1818, and service pensions for all veterans in 1832. Thus, a non-indigent veteran could receive a pension for military service, but only if he survived forty-nine years after the close of the war. Widows who were married before or during the war could receive a pension beginning in 1836.”
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