Part 6/8:
The hosts posited the idea that substantial cuts to government spending could lead to a healthier economy and potentially lower taxes for individuals. They underscored the possibility of trimming the federal budget by a trillion dollars and redirecting those funds to the middle class, effectively revitalizing economic growth.
Another angle of the discussion focused on restructuring the complexity of the U.S. tax code. Simplifying the tax system could lead to a dramatic reduction in compliance costs for individuals and businesses, further contributing to economic growth.