The Partisan Pattern of Increasing Federal Debt and the Role of Tax Cuts
===============
#eebe0f3d ver:0.18
Lawmakers debate raising taxes or cutting spending to address rising US deficits and debt. Tax cuts and spending increases both contribute to the debt, with tax cuts adding $10 trillion since 2001. Rising spending and declining revenue are to blame. Addressing both revenue and spending is crucial. The country's debt problem is primarily due to tax cuts benefiting the affluent. Cutting spending alone won't fix it. The challenge lies in the political sphere. The Biden administration aims for an average annual deficit reduction of $250 billion. The mismanagement of funds is evident. Congress must decide on extending the Tax Cuts and Jobs Act. The Biden administration's proposed tax policy could have negative consequences. The debate over the Trump tax cuts' expiration continues. The debt is a result of rising healthcare costs and major tax bills. The partisan pattern shows Republican administrations increasing the debt. Funding the IRS and increasing revenues are strategies to lower the debt. #USDebt #TaxCuts #SpendingCuts #Revenue #FiscalResponsibility...
#newstr #RonJohnson #FederalDebt #TaxCut #EconomicGrowth #Gdp #GreatRecession #CovidPandemic #PartisanPattern #Revenues #Irs #SpendingCuts #BudgetSurpluses
https://here.news/story/eebe0f3d?ver=0.18
Can the US Tax Its Way to Fiscal Health? /
npub12t…v639a
2024-05-29 15:57:43
Author Public Key
npub12trgmpm0ujaj646t325raydqrse4h89u00zgfddlhh5hvpu624uq7v639aPublished at
2024-05-29 15:57:43Event JSON
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"content": "The Partisan Pattern of Increasing Federal Debt and the Role of Tax Cuts\n===============\t\n#eebe0f3d ver:0.18\n\nLawmakers debate raising taxes or cutting spending to address rising US deficits and debt. Tax cuts and spending increases both contribute to the debt, with tax cuts adding $10 trillion since 2001. Rising spending and declining revenue are to blame. Addressing both revenue and spending is crucial. The country's debt problem is primarily due to tax cuts benefiting the affluent. Cutting spending alone won't fix it. The challenge lies in the political sphere. The Biden administration aims for an average annual deficit reduction of $250 billion. The mismanagement of funds is evident. Congress must decide on extending the Tax Cuts and Jobs Act. The Biden administration's proposed tax policy could have negative consequences. The debate over the Trump tax cuts' expiration continues. The debt is a result of rising healthcare costs and major tax bills. The partisan pattern shows Republican administrations increasing the debt. Funding the IRS and increasing revenues are strategies to lower the debt. #USDebt #TaxCuts #SpendingCuts #Revenue #FiscalResponsibility...\n\n#newstr #RonJohnson #FederalDebt #TaxCut #EconomicGrowth #Gdp #GreatRecession #CovidPandemic #PartisanPattern #Revenues #Irs #SpendingCuts #BudgetSurpluses \n\n https://here.news/story/eebe0f3d?ver=0.18",
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