American Government health spending seen hitting $1.8 trillion

[scottie]

SamuelRSmith said:

scottie said:

spurgeonryan said:

"To prevent that outcome, policymakers will have to ... raise revenues above their historical share of GDP.

I find that hard to believe, I suspect that when income tax capped out at 94%, there would have been higher revenues as a share of GDP.

 

 

I'm all in favor of a simplified tax code, the main problem with the American tax code is that it is complicated enough that only the rich can find the right loopholes.

 

As for low taxes leading to growth, I'm going to put a big [citation needed] sign right there.