Republican economic agenda

Discussion in 'Political Discussions' started by Stanislav, Nov 29, 2022.

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  1. Stanislav

    Stanislav Well-Known Member

  2. LevelUP

    LevelUP Active Member

    The complete plan you can download here
    https://rescueamerica.com/wp-content/uploads/2022/06/RickScott-12-Point-Policy-Book.pdf

    Stuff that I don't agree with or that sounds completely insane
    1. Defund IRS by 50%
    2. Vote on every piece of legislation every 5yrs
    3. We will gradually end all imports from Communist China

    There is some stuff I agree with in there
    1. We will eliminate no-knock warrants in any case that does not involve violent crime. (Makes sense, could make it through congress)
    2. We will balance the federal budget. It can be done. States do it all the time. (You need to be super drunk or high to believe this will happen anytime soon)
    3. Enact term limits for the Washington ruling class – 12-year limits for Congress and government bureaucrats. (Constitutional amendment needed)

    The plan is missing meaningful immigration, education, or environmental policies.

    A lot of this stuff is pipe dreams that would never make it through Congress.

    Any stuff you all agree with?
     
  3. Stanislav

    Stanislav Well-Known Member

    Yeah, this little booklet is definitely not "a complete plan". There are more of a Democrat thing - ask Elizabeth Warren.

    OK.
    Yes. There is a chance it could be done, too. As part of overall police reform, addressing SOME concerns of, you know, BLM and stuff. I believe some bipartisan bills along the line even exist, so there's hope Dark Brandon could make something like this happen - with begrudging support from McConnell.

    The devil is in the details. I believe Scott means it in the overall "defund the government" context, so - pass. Theoretically can be done though, just not at the same time as the tax cuts.

    I see more problems than benefits there. In theory, in an ideal world - yes for Congress, no for "government bureaucrats". Again, "defund the government" here.


    I wonder how you feel about Scott's "everyone should pay some income tax" stance, amounting to a tax raise for bottom 50% earners.
     
  4. Bill Huffman

    Bill Huffman Well-Known Member

    The vote on everything every five years is really targeting Social Security and Medicare in order to gut those programs.
     
  5. Lerner

    Lerner Well-Known Member

    I think something needs to be done, and not wait till its to late.
    That's the difference in he approach.
    Dems - cry wolf every elections when it comes to Social Security. Scare the h*** out of people who rely on Social Security and it works because many of my elderly relatives vote Dem is fear that Republicans will cut Social Security.
    The issue is that we are approaching fast in to 2030's were simply going to be a major deficit in ability to pay Social Security benefits, pensions etc.
    There will be cuts in payments, the estimate in 2035 will be 70% of the expected pension.
    Republicans are proposing a plan to address this now. (One can agree or disagree with the plan)

    Medicare - here I defer with many Republicans, I would make it National plan for all, I think US should provide basic health care for it citizens/residents etc.
    Increase Medicare tax.
    I would promote Insurance as it is today so people will have an option to choose Mediace or private health insurance or Medicare with supplemental private insurance.
    Some states have programs like Medicaide plans, or MediCAL in California etc.
    Same plans will be offered nothing to change. Private insurance plans will offer different level benefits equal or significantly better then Medicare depends on what individuals choose.
     
  6. LevelUP

    LevelUP Active Member

    I don't like "everyone should pay some income tax" as that seems like it would be unfair to the middle class.

    To balance the budget, it's simple, either raise taxes or cut spending.

    It's a bit lazy only to raise taxes as that would be the easy approach. I prefer balancing the budget with a balance of tax increases and spending cuts.

    All Social Security and Medicare budget shortfalls would be solved, at least in the short term, if the payroll was raised just over 2%. That would generate an extra $500 billion in revenue per year.

    Raising the top marginal rate to 39.6% is another way to generate more revenue. I don't think it should be too much higher than that since even rich people such as Lebron James have a human right not to be taxed more than 50% of their income. State taxes are at least 10%, counting sales tax and other taxes.
     
    Rich Douglas likes this.
  7. Rich Douglas

    Rich Douglas Well-Known Member

    What spending might you suggest be cut that would make a substantial difference?
     

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