three reasons to raise tax and explain
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फ़फजजफफ्सजक्फएफ गक्केजबज़वे अपने बच्चों को भी इस बात का ध्यान रखना चाहिए रखना चाहिए कि वह अपने आप को यह भी कहा कि इस इस तरह की कोई बात नहीं है कि वह अपने आप को आप को आप को यह भी कहा कि इस तरह की कोई बात नहीं है कि वह अपने आप को यह भी कहा कि इस तरह की कोई बात नहीं है कि वह अपने आप को यह भी कहा कि इस तरह की बात नहीं है तो यह भी है जो एक बार में भी यह है तो वह उसे भी अधिक समय तक है तो यह है कि यह फिल्म की कहानी
1. The nation's debt is simply too big. The United States has been spending well beyond its means for a decade, borrowing to make up the difference and racking up debt that now totals more than $14 trillion—about the size of the entire U.S. economy. This year, the government is on course to spend about $3.8 trillion, while taking in just $2.2 trillion, mostly through taxes. So it's borrowing to finance an astonishing 42 percent of its spending. For anybody who thinks it's easy to cut 42 percent of all federal spending (and still get reelected), here's how that spending breaks down:
2. Voters don't want deep spending cuts. Americans are definitively conflicted. They want smaller government, whatever that is, but they don't want cuts in the most cherished programs, which is the main way to get smaller government. In a recent poll by Pew Research, voters said they favor increased government spending—rather than cuts—in 16 out of 18 categories they were asked about, including education, Medicare, Social Security, law enforcement, and environmental protection. Americans don't want their taxes raised either—who would?—but they seem to be more realistic about what's necessary than politicians in Washington. In another Pew poll, for instance, 64 percent said that reducing the deficit is likely to require both spending cuts and tax increases. And they're split evenly on the need to cut Social Security and Medicare spending, and raise taxes.
3. We may end up with no choice. Nobody's quite sure what a debt crisis will look like if or when it happens, but if there's a downgrade in the quality of U.S. debt or some other trigger, it will force Washington to actually shrink its debt instead of just talking about it—and do it quickly. That means it may have to enact spending cuts or tax hikes without the phase-ins that would allow taxpayers time to prepare. If that happens, a compromise involving tax hikes and spending cuts will be more politically palatable than a deal relying on cuts alone, because it will spread the pain more broadly than if the burden fell squarely on a select group of taxpayers who happen to be most dependent on government. That may be how Washington ends up doing the right thing, after exhausting all other options.
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