The meme passing ’round is that the US deficit is going to be cut by 50% in the next four years. Many are throwing the bullshit flag over revenue projections (i.e. incoming tax payments), saying it just can’t be done. I’m here to say it’s all good…
It’s easy to cut the gap in [...]
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Tags: deficits, government spending, tax receipts |
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Forbes’s Janet Novack says “Forget the promises. The government will grab lots more of your money.”
One of the suggested solutions…a value-added tax. Hard to say whether or not a VAT would cripple an economy driven primarily by consumer spending, but that is certainly what folks start screaming whenever a VAT is mentioned. And, [...]
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Tags: budget deficit, flat tax, government spending, taxes, VAT |
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