US EditionSpending is the real problem, not the top 1%
- Gordon Gray of Pinpoint Policy Institute argues the US federal government faces a spending, not revenue, problem.
- Government spending is projected to increase significantly, outpacing potential revenue from even maximal taxation.
- Bernie Sanders proposed tax increases; the CBO projects rising deficits averaging 6% of GDP in the 2030s.
- The top 1% earn 22% of income and pay over 40% of income taxes, while the bottom 50% sometimes pay a negative share.
- Controlling spending is the only path to long-term fiscal solvency, since the US already has a progressive tax code.
32 Articles
32 Articles
Point: For the Left, Is There Anything ‘Taxing the Rich’ Can’t Do? – DV Journal
For an alternative viewpoint, see ‘The Rich Need to Pay More taxes” Heading into Tax Day, if you listen to progressive policymakers for a few minutes, you’ll likely hear that few problems on Earth can’t be solved by “taxing the rich.” Want to nationalize healthcare? Tax the rich. Want to close the deficit? Tax the rich. Need a ball gown for the Met Gala? Tax the rich. Unfortunately, legislators not invited to fashion shows should look elsewhere…
Gordon Gray: Taxing the rich more won't solve anything (Opinion)
Heading into Tax Day, if you listen to progressive policymakers for a few minutes, you’ll likely hear that few problems on Earth can’t be solved by “taxing the rich.” Want to nationalize healthcare? Tax the rich. Want to close the…
The Bradford Era
Olean Times HeraldFor the left, is there anything ‘taxing the rich’ can’t do?
WASHINGTON (TNS) — Heading into Tax Day, if you listen to progressive policymakers for a few minutes, you’ll likely hear that few problems on Earth can’t be solved by “taxing the rich.”Want to nationalize health care? Tax the rich. Want…
POINT: For the Left, is there anything ‘taxing the rich’ can’t do?
Heading into Tax Day, if you listen to progressive policymakers for a few minutes, you’ll likely hear that few problems on Earth can’t be solved by “taxing the rich.” Want to nationalize health care? Tax the rich. Want to close…
Coverage Details
Bias Distribution
- 84% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
