(National Sentinel) Tax reform: Many members of Congress would love for you to believe that “most Americans” don’t want any cuts in government spending or services, which is why any Trump-era tax reforms that involve less government theft of personal and corporate earnings must be “paid for.”
And, as the Heritage Foundation’s American Perceptions Initiative into American attitudes toward tax reform found, nearly two-thirds (64 percent) of Americans say that the federal tax system needs major changes and reform. In addition, nine in 10 Americans (91 percent) agree that the system needs at least some changes.
What’s more, Americans are cool with less government spending as well. As reported by The Daily Signal:
The prospect of tax cuts have some worried that they would lead to reductions in revenue, and have called for the tax cuts to be offset by new taxes or tax increases in other areas.
However, tax cuts should not be paid for by tax increases elsewhere, and the American people agree.
Sixty-eight percent of registered voters in the survey said that potential lower revenue from tax cuts should lead to lower government spending, with overall spending cuts or entitlement reform to control the financial burden of federal spending.
Fact is, with a national debt nearing $20 trillion, the nation is on an unsustainable fiscal path. The federal government taxes too much, spends too much, and produces too much debt, period.
Tax reform – as in, tax cuts – done right, as President Ronald Reagan’s tax reforms proved, will generate more revenue for the government, not less, as more people work and spend and generate wealth. But that doesn’t mean Washington shouldn’t cut its spendthrift habits or that entitlement reform shouldn’t happen.
Most Americans, as this new study indicates, agree.