POSSIBLY THE MOST brilliant solution would be an across-the-board cut of personal income taxes to the 15%-20% range, same with capital gains, and the total elimination of corporate income taxes altogether. Let the economy power its way out of this mess. Reduce unemployment still further (thus raising wages). Increase tax revenues due to a far-more-diverse but far-larger tax base. Win-win-win.
Of course it’ll never happen.
Which makes you wonder, “Why the hell not?”