Presidential platform

I have so much to be thankful for today. Consequently, I decided I would lay out my platform for a presidential run. This is how I would START (emphasis added).
Right now the top marginal tax bracket is 35% for every dollar over 379,150. I would start by adding two (2) new marginal brackets: (1) 38% at $600,000; and, 41% at $1mm. Those rates look high, but remember it is marginal so your effective tax rate will not be that high.
Then I would take the EXTRA (emphasis added) money brought in by the new rates and do one of two things: (1) pay down the debt; and, (2) buy dollars. The importance of paying down the debt is obvious. Buying back dollars may be less obvious to most people. By buying dollars off the market it raises the value of the dollar by lowering supply. The higher value of the dollar will make prices on imported lower and hopefully help regular folk with everyday purchases. This could also spark more investment in dollars and the USA which would obviously grow the economy.
One of the problems is that I just don't trust the folks in Washington to spend the money appropriately. It would probably be spent on pork and other things and the increase in taxes would be in vain.
However, it would be a start.


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