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Trump is cruel and an idiot, so this is what you get.You know, Donald, we have Republicans here in California. In fact, we have more Republicans in California than half of the states you won, combined.
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'd rather have the personal exemptions back. Losing that sent our taxes soaring.
I wonder if the Republicans from Cali will hold out-I guess notThe 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.
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?
YeaThe 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?
For high income earners with a tax break for bottom 75%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?
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.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.
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
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.For high income earners with a tax break for bottom 75%
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.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.