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Re: Boehner rejects Democrats’ $3 trillion deficit reduction proposal to ‘supercommit
I've been hearing a lot lately about how if we imposed a 100% income tax on the top 1% (a ridiculous idea), it would only raise 1.4 trillion, enough fund the government for 5 months. Well, if you cut 100% of our welfare spending (an equally ridiculous idea) you get about 2/3rds of that number. We have a deficit problem that goes far beyond spending issues. Tax reform is going to have to be part of the solution.
I've been hearing a lot lately about how if we imposed a 100% income tax on the top 1% (a ridiculous idea), it would only raise 1.4 trillion, enough fund the government for 5 months. Well, if you cut 100% of our welfare spending (an equally ridiculous idea) you get about 2/3rds of that number. We have a deficit problem that goes far beyond spending issues. Tax reform is going to have to be part of the solution.