I would agree with a tax raise compromise on the following conditions:
1. A 8 year increase to the income tax, where everyones raises at least some. Even if that means those that currently pay 0% in income tax go up to 2%, I'd go with it.
2. That a 7% decrease in spending over each of the next 8 years
3. A provision that, if for any reason, spending increases above the level needed to meet the 7% decrease (after adjusting for inflation) then tax payers are able to be refunded an amount equal to their tax increase on that years taxes
4. A provision that, if for any reason, income taxes are reduced beyond the initial levels set by the bill then the next budget following that decrease is not required.
5. A sunset of 8 years
If you burden EVERYONE to a point with an increase in tax, and you make it garaunteed that spending WILL be cut with tax payers not being caught with our pants down if the government renegs on its responsability. I wouldn't LIKE the tax...but I'd be willing to make that compromise for almost garaunteed cuts in the budget.
That would save, without adjusting for inflation, roughly $1.5 trillion dollars over those 8 years while reducing our budget by roughly 40% at the end of that time period, dropping it from $3.8 Trillion to $2.3 Trillion.
Curious if you'd go with that compromise haymarket?