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In reply to the discussion: Romney’s deduction cap would touch sensitive tax breaks [View all]BlueStreak
(8,377 posts)You suggested the choices are to stimulate the economy now and to work on revenues later, or vice versa.
There are many other options that lie between those extremes. We can cut government expenses that don't do much of anything to improve America. This includes some government military, particular the spending that goes into contractors and supplies purchased overseas. Accelerating the departure from Afghanistan saves a lot of money that we can cut from the Pentagon with minimal consequences on the American economy. There are still hundreds of thousands of troops stationed al over the world in places where it is completely unnecessary. We can cut that and save a lot of money with no risk to the American economy.
And there are lots of revenues that can be raised with no negative effect on the economy. Look at all the huge companies that are paying no taxes or next to none. Fix that. Fix the laws that allow companies to evade taxes by parking money offshore. Get out of the unfavorable trade agreements and charge reasonable tariffs on imports where the labor costs are essentially slave level and the environmental impact is severe.
There are lots of things we can do besides the simple either-or proposition.