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John --
With the House's passage of the Big, Beautiful Bill driving a conversation on the national debt, this past week we focused on how you feel about that topic and the best ways to tackle it.
Should we cut spending? Should we increase taxes? Should we cut taxes to spur growth? In this week's Controlling What You Canseries, we let you decide the relative focus between increasing revenue and decreasing expenditures.
Your answers surprised us!
Let's start by looking at the slider, which asked about the relative focus between raising revenue and decreasing expenditures to work on repaying the national debt. Coupled with the poll results, we have a few interesting takeaways!
First, the vast majority of you believe that we should both raise more revenue and decrease expenditures to tackle our debt. It was a nearly even split between which "side" there was more of a focus on. For those who believe we should only focus on one of these two areas, raising revenue won out. However, we think it's safe to say that the vast majority of Forwardists think that all options need to be considered and a mix of strategies will be needed to start paying down the debt.
Second, about 1/6 people who responded to the poll believe that we should use tax cuts to spur growth as the primary means to tackle the debt. That paled in comparison to those of you who wanted to increase taxes or reduce spending in various areas.
The single most selected option was raising income tax on high earners - and we'll dig more into that when we discuss the ideas that you all posted in our poll thread.
Finally, between cutting Social Security for the wealthy or cutting defense spending, the majority of you thought defense spending was the better area to focus on for spending cuts. In fact, cutting defense spending was essentially tied with increasing income tax on high earners in the poll!
Looking at the specific thoughts, ideas, and policies submitted via our website and on X, some key themes reflecting this split emerged:
Simplify The Tax Code
- More comments were left on simplifying the tax code to eliminate loopholes than any other topic. The tax code is seen as a way to "game" paying taxes, and a cleaner code is seen as a way to ensure more equitable taxation across income brackets.
Reduce Regulatory Complexity
- You all called for the reduction in regulatory complexity to both allow business growth and to reduce government overhead. That's an idea to both increase revenue and decrease expenditures!
Reduction of Spending & Increasing High-End Taxes
- Whether its military budgets, entitlements, or overhead, many of you called for cuts.
- You also called for adding in more tax brackets on the high end to reflect the shifting reality of incomes in the current economy.
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Andrew Yang Joins Reclaiming With Monica Lewinski <[link removed]>| Reclaiming With Monica Lewinski
Andrew Yang discusses "What's Broken in Politics & How We Fix It" with Monika Lewinski on her podcast Reclaiming.
FWD CEO Lindsey Williams Drath Joins MSNBC To Discuss The Big Beautiful Bill <[link removed]>| MSNBC
Lindsey discusses the economic impact of the proposed Big Beautiful Bill along with the major issues with process and pressure that are coming with this bill - like pushing the 1,000 page bill through so quickly.
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May 28 | Ohio Forward Party
Join the Ohio Forward Party for a community gathering to talk about the issues that matter most to us. Register → <[link removed]>
May 29 | Civic Engagement With The Young Forwardists
Sit down with the Young Forwardists Committee to learn how to get involved in your local community and lead the charge into a new era. Register → <[link removed]>
June 2 |Black Voter's Comms Committee: Join the Black Voter's Committee bi-weekly comms meeting to learn all things messaging, crafting, and enhancing our communications efforts . Register → <[link removed]>
June 6 | Young Forwardists Chapter Meeting
Join the Young Forwardists for their monthly chapter information meeting. Chapters are the backbone of the Young Forwardists and it'll take one in every school in the country to help heal our political divide. Register → <[link removed]>
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Third Party Cofounder And Former New Jersey Governor Visits Corrales <[link removed]> | Albuquerque Journal
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