I believe that Trump has a plan to offset that increase.
Look at all the savings he can rake in just by dealing with waste and fraud and abuse.
Deficit has been created ever since the Government started misshandling people’s money.
What is the urgency NOW to fix it, now that Trump is in the office.
The Debt itself rose to close to 150 Trillion, ( counting the liabilities ), suddenly 3 Trillion is a train-stopper?
My goodness, are you ever going to answer why you attributed all those exaggerated “zeros” to the Speaker of the House?
In regard to my position on Congress adding to our national debt year, after year, after year, I am in full agreement with Jefferson:
.
And the above is why I support our Founder’s original tax plan.
So, here is the current wording along with editorial comments for our Founder’s big beautiful original tax plan, currently promoted as the Fair Share Balanced Budget Amendment. Is it not based upon common sense thinking and principles which do not change with the passage of time?
Fair Share Balanced Budget Amendment
“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay any tax or burden calculated from profits, gains, sales, interest, salaries, wages, tips, inheritances or any other lawfully realized money.
NOTE: these words would return us to our Constitution’s original tax plan as our Founders’ intended it to operate! They would also end the experiment with allowing Congress to lay and collect taxes calculated from lawfully earned “incomes” which now oppresses America‘s economic engine and robs the bread which working people have earned when selling the property each has in their own labor, not to mention the amendment would end federal taxation being used as a political weapon to harass and attack political opponents!
"SECTION 2. Congress ought not raise money by borrowing, but when the money arising from imposts duties and excise taxes are insufficient to meet the public exigencies, and Congress has raised money by borrowing during the course of a fiscal year, Congress shall then lay a direct tax at the beginning of the next fiscal year for an amount sufficient to extinguish the preceding fiscal year’s deficit, and apply the revenue so raised to extinguishing said deficit."
NOTE: Congress is to raise its primary revenue from imposts and duties, [taxes at our water’s edge], and may also lay miscellaneous internal excise taxes on specifically chosen articles of consumption [preferably articles of luxury]. But if Congress borrows and spends more than is brought in from imposts, duties and miscellaneous excise taxes during the course of a fiscal year, then, and only then, is the direct apportioned tax to be laid in order to balance the budget on an annual basis.
"SECTION 3. When Congress is required to lay a direct tax in accordance with Section 1 of this Article, the Secretary of the United States Treasury shall, in a timely manner, calculate each State’s apportioned share of the total sum being raised by the agreed upon apportionment formula found in our Constitution, and then provide the various State Congressional Delegations with a Bill notifying their State’s Executive and Legislature of its share of the total tax being collected as done on July 14th, 1798 : Chap. LXXV. An Act to lay and collect a direct tax within the United States, July 14, 1798
NOTE: our founder’s fair share formula to extinguish an annual deficit is:
States’ population
---------------------------- X SUM TO BE RAISED = STATE’S FAIR SHARE OF DIRECT TAX
Total U.S. Population
The above formula, as intended by our founding fathers, is to ensure that each state’s share towards extinguishing an annual deficit is proportionately equal to its representation in Congress, i.e., representation with a proportional financial obligation! And if the tax is laid directly upon the people by Congress, then every taxpayer across the United States would pay the exact same amount (equal direct taxation). The direct tax is also intended to create a very real moment of accountability if Congress spends more than is brought in from imposts, duties and internal excise taxes which then requires each state’s Congressional Delegation to return home with a bill in hand for their State Legislature to pay our of its own State Treasury.
Note also that each State’s number or Representatives, under our Constitution is likewise determined by the rule of apportionment:
State`s Pop.
------------------- X House size (435) = State`s No. of Representatives
U.S. Pop.
"SECTION 4. Each State shall be free to assume and pay its quota of the direct tax into the United States Treasury by a final date set by Congress, but if any State shall refuse or neglect to pay its quota, then Congress shall send forth its officers to assess and levy such State’s proportion against the real property within the State with interest thereon at the rate of ((?)) per cent per annum, and against the individual owners of the taxable property. Provision shall be made for a 15% discount for those States paying their share by ((?))of the fiscal year in which the tax is laid, and a 10% discount for States paying by the final date set by Congress, such discount being to defray the States’ cost of collection."
NOTE: This section respects the Tenth Amendment and allows each state to raise its share in its own chosen way in a time period set by Congress, but also allows the federal government to enter a state and collect the tax if a state is delinquent in meeting its obligation.
"SECTION 5. This Amendment to the Constitution, when ratified by the required number of States, shall take effect no later than (?) years after the required number of States have ratified it.
JWK
We are here today and gone tomorrow, but what is most important is what we do in-between and is what our children will inherit and remember us by.
I’ve asked you in probably a couple of your long-winded, repetitive posts on the subject, but you’ve never answered how this would be supposed to work, exactly. Who are the “officers” of Congress, and just how would they go about levying a State’s proportion against the real property within the State? In practice?
“SECTION 1.The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay any tax or burden calculated from profits, gains, sales, interest, salaries, wages, tips, inheritances or any other lawfully realized money.
JWK
If, by calling a tax indirect when it is essentially direct, the rule of protection [apportionment] could be frittered away, one of the great landmarks defining the boundary between the nation and the states of which it is composed, would have disappeared, and with it one of the bulwarks of private rights and private property. POLLOCK v. FARMERS’ LOAN & TRUST CO., 157 U.S. 429 (1895) JUSTICE FULLER
Instead of posting snarky remarks and falsely asserting I have not provided information on how the direct tax is to be collected by Congress, why not actually read what I have posted, and view the specific example I provided, Chap. LXXV. An Act to lay and collect a direct tax within the United States, July 14, 1798, which contains all the particulars regarding the laying and collecting of the tax?
You ought to find Section 4, of particular interest which addresses who the collectors of the tax are.
“……with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address
I’m sorry, but I just can’t stand it anymore,” the Tesla and SpaceX CEO wrote on his X platform. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.