I don’t think we need to go back to pre-Reagan tax policy. We don’t need to jack up top tax rates to 50% again, we just need to enforce the tax code we already have and eliminate loopholes.
That alone should bring in hundreds of billions. When paired with some cuts and audits, we should be able to balance the budget.
Going back to pre-Reagan tax policy alone would be huge, and like you say, the SS income tax cap.
I don’t think we need to go back to pre-Reagan tax policy. We don’t need to jack up top tax rates to 50% again, we just need to enforce the tax code we already have and eliminate loopholes.
That alone should bring in hundreds of billions. When paired with some cuts and audits, we should be able to balance the budget.