No. of Recommendations: 1
But it is indeed insignificant in the overall debt picture. The things that actually matter to the debt are the things that voters generally support, like spending on Medicare, Social Security, and national security.
Which brings us back to increasing revenues. Which is not generally accomplished with tax cuts (despite the tortured interpretations of the Laffer curve).
Taxes need to go back up at least to the Reagan levels, with emphasis on the 1%. And no favorable treatment of cap gains, and probably no stepped-up basis for inheritance (which, honestly, affects me this year since mom died in June...but it shouldn't be, even if it benefits me).
