Revenues are up because the tax cuts incentivized more productivity. We have a spending problem. If you want to know what really tackling it looks like, remember how Republicans were treated for canceling net neutrality and multiply that by a factor of 1000.
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Tax revenue is down as a percentage of GDP, the budget deficit has ballooned, and spending is up due in no small part to increased military spending.
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Start by repealing the Trump tax cuts.
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Has anyone asked
@ewarren or@BernieSanders how their wealth tax will be calculated? Lots of paperwork for IRS, financial advisors and CPA's going into 2021-2022. All the free stuff will add to $122TThanks. Twitter will use this to make your timeline better. UndoUndo
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Republicans will just blame the next Democratic President. It’s what they always do.
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Someone w/ enough clout, connections, sway, and expertise needs to sit our collective legislators down, and explain what the eventual likely outcome is for our country if we don't come to grips with this in time. It won't be pretty & what a shame if they forgo even trying.
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Wasn't that supposed to be President Trump, the great negotiator who was going to sakes things up in Washington?
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