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Reply to "Republicans plan to “rein in” social security and Medicare if they take control of congress "
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[quote=Anonymous][quote]We’re probably not going to fox any budgetary issues by letting corporations and wealthy people off from paying their fair share.[/quote] OK, so we repeal the Tax Cuts and Jobs act, which was garbage. But the corporate tax rate is effectively limited by the rest of the world's corporate tax rates. If we set ours higher, companies will just accumulate the money and pay taxes elsewhere. Or move off-shore. And "tax the rich" only goes so far, since there aren't enough rich people. The only way to balance the budget in a way that actually has a chance to happen is to make painful cuts to our largest budget items: the military, SS, and Medicare, as well as to increase tax rates and inflation. The sooner we do this, the less painful it will be. And, no, the Democratic party isn't any more fiscally responsible than the Republican party. Neither is. They both want to spend and not tax, just on different things.[/quote]
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