This fiscal year, the United States Federal budget is expected to have a deficit of $1.8 trillion. Deficit: -$1,800,000,000,000 Taxing capital gains as regular income would raise an additional $1.4 trillion, bringing the budget deficit down to $400 billion. Deficit: -$400,000,000,000 This could then be closed by ending the home mortgage interest deduction, which increases …
Continue reading “Easy ways to close the federal budget deficit”