I think it would be great if our economy were to grow in double digit percent, then the newjobs and the raises and the inflation would work positively on government revenue , but even more importantly the bigger economy would make the same debt a smaller percent of the GDP.
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It would be great, but it would also be quite unlikely. I don't think the economy has grown at that rate in the past 30 years.
The US economy is quite unlikely to grow at over 10%. No industrialized developed country does this for long, if ever.
No one is proposing tax increases. They are proposing closing some loopholes, which are different from tax hikes.