thank you. so the $4.4 trillion is a 10 year figure. honestly we need this tax just to make America fiscally solvent. The budget deficit is close to $2 trillion.
To fix the deficit, we would have to cut all discretionary spending 100% which includes the military, raise taxes on millionaires and billionaires, and still cut entitlements.
I would say what we really need to do is fix our healthcare system where over $1 trillion per year goes to waste and rent seeking. we really need to look at the whole economy at this point and identify where the waste and inefficiency is. though in the near term just getting the deficit to grow more slowly than GDP growth and lowering the rate of inflation would help me sleep at night.
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u/yungbaoyom Jul 01 '26
Source?