Harris tax plan - raising taxes on high earners

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We all already pay a lot in taxes. I don’t think throwing more money at the problem is going to solve anything. It’s less of “I don’t want to pay it” and more of “prove to me that you’ll do any good with it.”

Because I don’t think they will or they can.

The majority of federal spending goes to things like Medicare/Medicaid, Social Security, Defense, and interest on the debt. We have a huge debt and a huge deficit. All the other stuff is peanuts compared to the things listed above. So the “good” that more taxes represents would be reducing the deficit and, if taxed enough, reducing the debt. The only other long term choice is to cut the spending things listed above. Which do you want?

Cut foreign spending

Which is around 1% of the federal budget. You've got to tackle the big expenses if you want to make a dent.

[Anonymous]

Anonymous wrote:There is a difference between what these politicians (on both sides) say during campaigns and what they will actually do. Harris will not do this because it will be unpopular and she won't have the votes to get it done.

+1. If the filibuster is still in effect (even with a D trifecta), this would only happen if there are more than 65 Dem senators, which has zero chance of happening anytime soon. Expect more continuing resolutions for the foreseeable future, regardless of who wins

[Anonymous]

Anonymous wrote:Harris is also planning to eliminate spousal IRAs for families with an AGI over about 225k. My finra advisor has told me to keep my 2025 IRA contribution in a savings account until the 2025 budget is voted on for this reason. They tried to ram this through in Secure 2.0 but struck it down to get the bill through. Democrats will keep stuffing it in until it passes. The idea is to eliminate retirement accounts that are not employer sponsored for Millennials and below.

This is not true.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am against. We should be talking about reducing tax rates and reducing spending and the budget. We cannot continue to tax everyone to pay for failed policy ideas

1000% I agree, I'm also against it. I think it's a terrible plan.

you know reduce spending is never happening. Last time we cut budget was way back in 2012 during Obama-Ryan term.

[Anonymous]

lots of freebies social program needs to cut. Medicaid/medicare has a lot of wastage and so does the veterans program