Only if we return the tax rates to what they were in the hay-days of American growth and prosperity...those of the 1950's and 60's.
Remember: Reagan wanted his tax cuts to be short term only. Bush Jr. said the same thing.
Yet here we are, 4 decades later.....and those short term tax cuts are still there.....and if any politician so much as suggests that they should be scrapped. :sorry1: :sad4:
There is
no other way. Not just for health care, but for almost every single thing the complainers whine about.
This post isn't clear.
- Which tax rates do you propose returning to? Average tax rates? Effective tax rates?
Payroll tax rates & limitations? Marginal tax rates (75% on $100K & 91% on $400K in 1960)?
- Would you also return to the tax reduction devices of that period too,
eg, accelerated depreciation with only capital gains recapture upon sale?
- Is your point that the tax structure then was more conducive to prosperity & growth,
or do you believe revenue was higher back then?
Note:
- The major marginal tax rate cuts (under Reagan) were a long (not short) term strategy.
- The economic gains of the 50s & 60s were due to factors other than taxation, eg,
less regulation than now, less foreign competition, domestic productivity advantages.
- There is another way to raise money. Stop squandering it on foreign adventurism.
I'm no fan of creeping socialism, but given a choice between the universal care you
like & Obamacare, I'd give up foreign aid & foreign wars in trade for single payer.
It would avoid things like this....
http://www.weeklystandard.com/blogs/obamacare-little-help-woman-prosthetic-leg_784108.html
