U.S. Budget Negotiations

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$500B Medicare cuts. Deep Medicaid cuts. ACA cuts. 13M will lose insurance.

It doesn't mean that a more efficient system wasn't needed. Health Care Coverage needed to be folded into one entity. Redundancy is costly. A public option for those under 65 could compete with private insurance to drive down costs.

Mini Mike's bill is just a hatchet.



It will still barely subsidize tax breaks to billionaires.

Debtor countires are running for the hills as the dollar loses status and sound fiscal backing.

It certainly seems like...

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I'd rather have the personal exemptions back. Losing that sent our taxes soaring.
The Californians want the SALT. We have a silly passive income workaround right now for business owners. But with the high property tax and state income tax, the SALT cap hits pretty hard out here - especially given that $200k is middle class.
 
The Californians want the SALT. We have a silly passive income workaround right now for business owners. But with the high property tax and state income tax, the SALT cap hits pretty hard out here - especially given that $200k is middle class.
I wonder if the Republicans from Cali will hold out-I guess not
 
The elephant in the room for Democrats, is what are they going to run on in 2028 to fix the budget and fix social security to have any credibility and win?
A huge tax increase?
 
The elephant in the room for Democrats, is what are they going to run on in 2028 to fix the budget and fix social security to have any credibility and win?
A huge tax increase?
Social Security isn't the problem. Healthcare cost is the biggest issue affecting Federal, State, and individual budgets. Cutting Medicaid will increase healthcare costs for everyone. Want to fix the budget? Fix healthcare.
 
The elephant in the room for Democrats, is what are they going to run on in 2028 to fix the budget and fix social security to have any credibility and win?
A huge tax increase?
Yea
Of course the "plan" is to tax rich people-rich Corporations
Messaging that correctly is hard
And I don't know the "math"-it may not exist
EDIT
Soc sec is pretty easy compared to Healthcare or National defense
 
Social Security isn't the problem. Healthcare cost is the biggest issue affecting Federal, State, and individual budgets. Cutting Medicaid will increase healthcare costs for everyone. Want to fix the budget? Fix healthcare.
By 2029 SS Trust fund depletes to around 1 Trillion. Much of what keeps it going is the revenue derived from the trust fund which will be gone by around 2033. By that point, it would take an extra 300 B to 350B to make up the difference annually if I can remember the math correctly.

Perhaps you're are saying, fix healthcare and the general revenue can be transferred to make up the difference? If so, then that's a heck of a difference to make up.
 
Yea
Of course the "plan" is to tax rich people-rich Corporations
Messaging that correctly is hard
And I don't know the "math"-it may not exist
EDIT
Soc sec is pretty easy compared to Healthcare or National defense

Take away Trump Corporate tax cuts would help the math. The effective tax rates on many large corporations is in the single digits. That's a travesty. And we by far have the lowest Corporate tax rates of all the G-7 countries. And I bet their corporations don't have all the tax loopholes like ours have.

Interestingly, of the large, publicly traded corporations its estimated that up to 40% of their stock is foreign owned.
 
For high income earners with a tax break for bottom 75%
I suspect every Democrat will offer this as a solution. However, without closing loopholes and deductions you can't tax high income earners. They will escape every time. Sure, the lottery winners will have to pay.
 
I suspect every Democrat will offer this as a solution. However, without closing loopholes and deductions you can't tax high income earners. They will escape every time. Sure, the lottery winners will have to pay.
Tax capital gains. That's the solution in my view. We can start with baby steps: treat the use of equity as collateral as a realization event.
 
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