Lets suppose Trump loses in 2020.
As a conservative, which Democratic candidate would you prefer to win?
Knowing that this person will be president for 4 years at least and we want America to be as successful as possible.
I like Kamala Harris, she seems like most conservative among them. Even though publically she is supporting the liberal platform, she is still a law and order kind of gal.
I'd even like Bernie Sanders to win. Even though I expect Bernie to go full commie, at least it would be interesting.
Andrew Yang is my favorite Democratic Presidential candidate. Within a few years, I'd favor federal spending of $2.2 trillion towards Universal Basic Income, ( $800 monthly U.B.I for every individual adult American citizen ) $2 trillion of Universal Medicare with some insured cost sharing, ( Universal Medicare w/combined $5,000 Part A and B deductible and 20 percent Part B insured co-insurance ) $1.3 trillion of Social Security, ( no change from status-quo on S.S. retirement benefits ) $900 billion towards defense, ( more spending on national defense, less spending on America being the world's policeman ) $500 billion on debt interest payments, and $400 billion on discretionary government spending. ( many targeted social welfare programs would be eliminated and replaced with U.B.I. ) In 2022, I'd like total federal annual spending to be ca. $7.3 trillion.
In terms of federal taxes, I'd favor a simplified income tax system, just a few income tax brackets beginning in year 2022, zero percent on initial $13k of personal individual annual income, 12 percent on $13,001 to $63k of personal individual annual income, 32 percent on individual personal annual earnings in excess of $63k. Capital gains taxed at same rate as ordinary income. No tax credits, save for refundable $2k child tax credit. In 2022, this would result in total personal federal income taxes amounting to an estimated $2.4 trillion.
I'd then favor an increase in the corporate income tax rate from 21 percent to 28 percent. In 2022, this would result in corporations paying U.S. corporate income taxes of ca. $400 billion
I'd favor a doubling of the cap on social security taxes, so that all workers and employers would contribute 6.2 percent of social security taxes on every dollar of their earnings up to 300k of each individual wage earner's income . In 2022, this would mean Americans would pay ca. $1.5 trillion in payroll taxes.
Beginning in 2022, I'd favor the implementation of a 10 percent federal Value Added Tax. This would result in ca. $1.1 trillion of federal taxation on America's total annual personal consumption.
I'd favor excise taxes on fuel, tobacco, cannabis, alcohol, air travel, Amtrak, national park and museum admission fees collectively adding up to ca. $300 billion in 2022.
I figure other federal taxes, besides income taxes, V.A.T. and excise taxes, I'd favor in 2022, like Medicare D premiums, estate taxes, financial transaction taxes ( remittance taxes and stock/bond trade taxes), and tariffs would generate ca. an additional $200 billion.
All the above proposed taxes for 2022, would add up to ca. $5.9 trillion.
The above proposed federal spending of $7.3 trillion and $5.9 trillion of federal taxes would result in an annual federal deficit of ca. $1.4 trillion in 2022. A level Universal Basic Income benefit for 3 years prior to inflation indexing of this benefit would result in the annual federal budget deficit of being ca. $1.3 trillion in 2023, and somewhere around $1.2 trillion in 2024..
I'd like q universal $800 monthly universal basic income along with universal Medicare health insurance coverage being funded with a 10 percent Value added tax along with personal income taxes, medicare payroll taxes, and Medicare D premiums.
I'd like seeing Social security being well funded with social security payroll taxes.
I'd favor national defense spending being funded with corporate income taxes, estate taxes, financial transaction taxes ( i.e.-remittance taxes and stock/bond trade taxes), and tariffs.
I'd like discretionary spending being funded with federal excise taxes.