What are some of the things the US government could do to increase revenue without increasing income taxes? Here is a seven point plan that may be part of the answer. If you agree, write and call your congressman and the President:
1) The US Fed should buy bonds and other foreign securities, that pay dividends or interest, from friendly nations and allies. This will help our friends and allies finance their needs while sending income back to the US. Nations that are our enemies would see that they are losing out on capital that they could get from the US if they were friendly.
2) Raise tariffs on any imports that are priced too low to allow US manufacturers to compete. Level the playing field on imports to allow US manufacturers to continue and bring back industries that we have lost to un-fair competition.
3) Encourage foreign friendly nations to build manufacturing plants in the US with US labor. This is good for the US because it creates US jobs and increases the taxable industrial base. It is also good for foreign businesses because they don't have to pay overseas shipping costs.
4) Sell lumber from public lands with proceeds to the Treasury.
5) Sell more oil and gas leases on public lands, in off-shore areas, and Arctic regions. This is good for the US in two ways: Increase jobs which increases tax revenue. Help to reduce the US dependence on foreign oil.
6) Sell more military equipment to friendly nations and allies. This helps to keep people working in defense plants and brings both tax and sales income to the Treasury.
7) Using the revenue proceeds from steps 1 -6 above, invest in infrastructure that aids in business development and the shipment of US goods to the point of sale. Some examples are, new railroads, interstate highways, US cargo ships leased to shipping companies. Just those three things will also create many jobs and re-vitalize our construction, railroads, and ship-building industries.
There are no doubt many more ways that revenue can be increased without raising taxes. I leave that to the readers to provide their ideas also. I am only trying to light the way forward.
1) The US Fed should buy bonds and other foreign securities, that pay dividends or interest, from friendly nations and allies. This will help our friends and allies finance their needs while sending income back to the US. Nations that are our enemies would see that they are losing out on capital that they could get from the US if they were friendly.
2) Raise tariffs on any imports that are priced too low to allow US manufacturers to compete. Level the playing field on imports to allow US manufacturers to continue and bring back industries that we have lost to un-fair competition.
3) Encourage foreign friendly nations to build manufacturing plants in the US with US labor. This is good for the US because it creates US jobs and increases the taxable industrial base. It is also good for foreign businesses because they don't have to pay overseas shipping costs.
4) Sell lumber from public lands with proceeds to the Treasury.
5) Sell more oil and gas leases on public lands, in off-shore areas, and Arctic regions. This is good for the US in two ways: Increase jobs which increases tax revenue. Help to reduce the US dependence on foreign oil.
6) Sell more military equipment to friendly nations and allies. This helps to keep people working in defense plants and brings both tax and sales income to the Treasury.
7) Using the revenue proceeds from steps 1 -6 above, invest in infrastructure that aids in business development and the shipment of US goods to the point of sale. Some examples are, new railroads, interstate highways, US cargo ships leased to shipping companies. Just those three things will also create many jobs and re-vitalize our construction, railroads, and ship-building industries.
There are no doubt many more ways that revenue can be increased without raising taxes. I leave that to the readers to provide their ideas also. I am only trying to light the way forward.
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