Quote:
Originally Posted by goober
There is a lot of room between what the US collects in taxes and what other nations collect, especially in the higher brackets, it's quite possible to raise taxes on the higher brackets, save social security and fund National health, and give most people a tax cut.
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This is 'pie-in-the-sky' dreaming.
As it stands now, the bottom 50% of income earners in the USA pay little or no federal income tax at all. The entire US federal tax burden is presently being carried by the top 50% of income earners.
Thus, "most" people don't actually deserve a tax cut because they don't pay the tax.
And the kind of cuts to the US military that you are suggesting would have to be massive - essentially cutting it in half.
Merely restoring GWBush's tax cuts would still leave the USA running a fiscal deficit at this time. This doesn't cover the SS projected shortfall nor would it pay for a National healthcare program. Let alone additional tax cuts for the middle class.