The proposal from the President and economist to get our nation's economy on a more sustainable path calls for a mix of $3 trillion in spending cuts and $1 trillion in "revenue raisers"...eliminating tax loopholes.
The Republicans continue to say that government can't create weath. They also make the claim that removing revenue from the private sector will stiffle job growth. However, they didn't seem to have a problem with that when Pres. Reagan increased the payroll tax in order to apply that revenue towards defense spending. By that, Reagan used public-private partnerships in order to empower the "military industrial complex" to create jobs and improve job growth. That got me to to thinking...
Where would you like to see those "revenue raises" go toward:
1) Paying down the debt; or,
2) Made part of a jobs bill that relies on "public-private partnerships", perhaps not in defense spending but rather on public works projects at the state level?
Could you approve of such revenue generation being diverted from the Treasury if it would create jobs within the private sector in partnership with state governments?