I am going to run through a couple of boards real quick. It is going to be a little thick. I am going to do them quick, and we will put these up on the website. If anyone really wants to dive into this, I believe Brian Reedle about 2 weeks ago published a fairly substantive--with amazing footnotes, so if you actually care about the subject, get it, read it, pull out your calculator. You will see it proves out. I am going to blow through this real quick to sort of help people understand why some idiot on the floor of the House is walking people through maximum sustainable revenue calculations. I am trying to make a point that there isn't an easy fix here. If we do a deficit commission or something of that nature, it turns out it is going to be complex. You are going to have to deal with things that don't seem interrelated but are. You are going to have to talk about immigration, technology, maybe AI, maybe a tax code that promotes growth. You are going to have to talk about changing the way we finance parts of healthcare. You have to do it all at the same time. You have seen this place. We are having trouble walking and chewing gum at the same time. Let's blow through this real quick. Part of the studies out there, and this is from CBO, OMB, and also the Tax Policy Center and the U.S. Treasury have all confirmed these numbers. If you did a maximum sustainable revenue from taxing the rich--let's first do individual income taxes.…
On the recordSeptember 29, 2023
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