This is another complex issue as to which many principles must be balanced, with the optimal result as follows:
“Spending packages” are being wrapped in Washington, D.C. Which should the federal government put under trees this year? How many can our nation afford, and how?
With its cumulative budget deficits over the last 25 years, America today is sitting at the base of a very large and growing mountain of debt, with a shovel in our national hands. Let’s stop digging.
How high should federal income tax rates be? Only as high as necessary to pay the nation’s bills. The same is true for estate taxes, although there is something more to be said for taxing the estates of wealthy people instead of raising corporate or individual income taxes.
