Not much is really spent on other things that can be cut.
It will take a lot of work, but at least each area should be looked at.
It will take years, but if we get a booming private economy going with lower corporate rates, business mind set, decreased regulations, etc, they may actually have a surplus and will be able to cut taxes. We'll see.
if we get a booming private economy going with lower corporate rates, business mind set, decreased regulations, etc, they may actually have a surplus and will be able to cut taxes.
Thanks, Art...this is pretty much exactly how Trump has explained it will work. There will always be some naysayers, but a booming economy will prove them wrong :)
How would you feel about a tax law that would not allow corporations to deduct excessive CEO and executive salaries from their businesses expenses. Say maybe a limit of no more than $2 or $3 million deduction allowed. I was shocked to see the number of executives being paid more than $10 million. During the 2007/2008 crisis, Countrywide Financial’s CEO was paid $140,000,000, and the next year it was reduced to $100 million. Other bankster CEOs were being paid in the $70 millions, the $40 millions and the $20 millions. Google Forbes CEO compensation for those years and today.