We need to cut spending not raise taxes.
I have said this for years. We need to phase out Social Security, Medicare, Medicaid, Food Stamps, etc. over no more than a 12-month period.
We also could raise BILLIONS by auctioning off ALL federal land, ending all federal support for education and scientific research. And we should be privatizing national parks, federal law enforcement duties and interstate highways.
And I know this is not politically correct, but most of the military could easily be privatized as well. Some things, like aircraft carriers should be owned by the government. But there are private vendors who could manage them more cheaply than the Pentagon. Look at the success we’ve seen privatizing federal prisons. The military should be next.