this post was submitted on 11 Jul 2023
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United States | News & Politics

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The US national debt is already grown by $1 trillion in a month (lemmy.ml)
submitted 1 year ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny

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[โ€“] jordanlund@lemmy.one 3 points 1 year ago (1 children)

Going back to pre-Reagan tax policy alone would be huge, and like you say, the SS income tax cap.

[โ€“] sugar_in_your_tea@sh.itjust.works 3 points 1 year ago

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.