Roll back the Bush and trump tax cuts.

[onecaliberal]

If you’re worried about the debt and you want to be taken seriously, stop acting like stealing more food from children is the answer. Republicans created this debt, 1/4 of it in the last 4 years when they had the House, the Senate and the WhiteHouse.

[jimfields33]

1. I don't know about the bush tax cuts. But the trump tax cuts expire in 2025.

[CrispyQ]

2. Not all of them expire.

I think the corporations get to keep theirs.

[Lonestarblue]

10. I think the super rich also get to keep their cuts, along with the new tax avoidance loopholes

created for real estate companies like Trump Org,

[mitch96]

24. "corporations get to keep theirs"... typical. don't bite the hand that pays you...nt

[czarjak]

43. The 1%ers definitely get to keep the extra seven million dollars saved over ten years.

Promises Made, Promises Kept. Period.

[KPN]

14. Not the capital gains tax cuts. Those are permanent.

[WarGamer]

28. Ironically... WE shouldn't want the Trump Tax Cuts to expire in 2025.

The wealthy and Corps got permanent tax cuts.

You know WHO loses THEIR tax cuts in 2025 if they expire?

Individual Tax Payers... individual rates will go back to pre-Trump levels.

For example:

Current 12% bracket to 15%

Current 22% bracket to 25%

Current 32% bracket to 33%

Current 37% bracket to 39.6%



That's a BIG hit for low/mid to middle income earners.

Make THESE rates permanent and go after actual wealthy people. Oh nevermind... the wealthy are never made to pay.

[BigmanPigman]

36. I wish tRump would "expire" by 2025

along with Mitch. Both are past their "use by" date and are rotten.

[Grins]

3. Yes. Repeal them all.

Then repeal the Capital gains deduction.

Old line from Obama years, updated:

“If a 59% tax rate was good enough for Ronald Reagan, it’s good enough for today’s Republicans!”

[Shermann]

6. The Tax Reform Act of 1986 set the maximum capital gains rate at 28% nt

[KPN]

15. Hell, the upper rate under Eisenhower was 90%! It's been a

long, slow, steady chip away at progressive tax structure ever since — led by the wealthy and supported by the wannabe wealthy and haters.

[tritsofme]

38. So you think it is a good idea for Democrats to run on significant tax increases for all voters

Even lower/middle class? Good thing you’re not in charge!

[Fullduplexxx]

4. And the reagan ones as well

Obscene wealth is a nation security threat

[roamer65]

5. Rollback to the 1982 tax year rates.

Top marginal income tax rate was 50 percent.

Adjust for inflation and bring them back.

[byronius]

11. I'm on board with that.

[2naSalit]

17. +1

[onenote]

7. The repubs didn't control the House after the 2018 elections.

Facts matter.

[justaprogressive]

8. How about the $3 trillion

stolen from SS while we're at it!!

[leftstreet]

9. +1

[2naSalit]

18. +2

[twodogsbarking]

12. A new system is my vote.

[2naSalit]

19. +1

[airplaneman]

37. I favor the transaction tax as described by Ellen Brown

https://ellenbrown.com/2023/06/02/another-look-at-the-financial-transactions-tax-that-could-eliminate-need-for-all-others/

-Airplane

[stuffmatters]

42. Yes!This. Brown (and Warren)

have touted a National Transaction Tax for years now. Also State owned Banks (like North Dakota has.)
Both are real,obvious,simple, healthy changes for the "economy that works for all Americans" which Democrats seek.

[Stargazer99]

13. It is surprising me that the common man is getting smart

spread the facts because the wealthy don't want you to be educated to the facts

[ancianita]

16. Yep.

Republicans have created ALL this debt since Clinton cleared the debt.

[2naSalit]

20. And the last admin...

Created a quarter of all debt in the nation's history, in four years' time. Seems they were not only on a mission to take control of the government but pocket the treasury too.

https://www.self.inc/info/us-debt-by-president/

[MyNameIsJonas]

32. Debt and deficit are two different things.

Clinton did slow the increase in debt, as it grew by 161% under Reagan and 42% under H.W Bush (it grew by only 28.6% under Clinton) but he didn't clear it.

Debt also rose significantly under Obama (64.4%) but lower than what it was under Bush (72.6%).

It's grown by 8.8% under Biden but he also entered with the country having seen a significant amount of debt accumulation the last 20 years.

[not fooled]

39. Wasn't about half of the debt under Obama

simply putting chimpy's tax cut and wars on the books? I believe that's what Thom Hartmann says and he backs up his assertions with research and facts. IIRC Obama took the hit for being responsible after chimpy racked up debt but kept it off the books to make his numbers look better.

[MyNameIsJonas]

41. I'm not sure what Hartman said - but a good chunk of the debt accrued under Obama...

Was due to the recession and spending there. Not sure the total breakdown, tho. But his making some of the Bush taxes permanent certainly also impacted it.

[Picaro]

21. Ding, Ding, Ding!

We have a winner. The solution to almost every problem we're currently experiencing in terms of the federal budget is get rid of the Bush and Trump tax cuts. They were grossly irresponsible at the time and, in the case of the Trump tax cuts, were allowed to be considered under reconciliation so they could pass with only 51 votes. They should not have been eligible for reconciliation.

But McConnell was able to co-opt the OMB to issue some very rosy financial predictions that turned out to be complete hogwash. This bill should have been subject to the filibuster, but McConnell, was able to corrupt the process and ram the bill through.

He knew undoing it was going to be a really heavy lift.

As a country we need to raise the tax rates on corporations and the 1%. Anyone that shrieks about the national debt and isn't looking at the revenue side is dishonest and is pursuing a hidden agenda.

[calimary]

22. Seems to me the simplest answer is: Go where the money is.

The rich are where the money is. Go for the billionaires. Surely they have enough to remain comfortable IN THE EXTREME!!! Hell, their pocket change could probably feed a poor family for at least a day or two.

[ancianita]

25. More specifically, go where the DARK money is. Those billionaires keep hidden, but they should be

the real key targets -- more than the more visible ones.

[calimary]

27. That, too. DEFINITELY.

Those who can pay more - should. Patriotic duty and Christianity and all that.

[BComplex]

30. Just make laws that make the Citizens United case obsolete, and undo Dobbs.

If we take control, we need to impeach Thomas, Alito, and trump's 3 lying, perjured picks.

[hay rick]

23. Eat the rich.

The Bush and Trump tax cuts are simple looting. Democrats need to stop claiming the mantle of "fiscal conservatism." There is no way to fund meaningful social justice without the tax receipts to fund programs. The super-rich need to be identified as predators, not heroes. They need a little healthy fear to modify their incentives.

[ariadne0614]

26. And raise the cap on SS. n/t

[Shermann]

29. Maybe we'll get that doughnut hole during a second term? nt

[William769]

31. K&R.

[LoisB]

33. They don't give a rat's behind about the debt. They only make noise about it when there is a

Democrat in the White House.

[Evolve Dammit]

34. yep.

[PoindexterOglethorpe]

35. Let's start with the Reagan tax cuts.

[Johonny]

40. Yup.

The Reagan cuts started the era of greed is good. The middle class has taken it on the chin since then.

[Emile]

44. It really is that simple of a solution.