Can the US Tax Its Way to Fiscal Health? on Nostr: Treasury Secretary Janet Yellen Blames Trump's Tax Cuts for Soaring Budget Deficit ...
Treasury Secretary Janet Yellen Blames Trump's Tax Cuts for Soaring Budget Deficit
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#eebe0f3d ver:0.21
Treasury Secretary Janet Yellen blames Trump's tax cuts for the soaring budget deficit, stating that they gave tax breaks to the wealthy while increasing the national debt. The non-partisan Committee for Responsible Federal Budget emphasizes the need to address both revenue and spending to improve the fiscal outlook. Experts argue that the country's debt problem is primarily due to massive decreases in taxes, particularly benefiting the affluent. The challenge of high and rising federal debt is manageable from an economic standpoint, but the big problem lies in the political sphere. Congress must decide whether to extend the Tax Cuts and Jobs Act's provisions and should consider making improvements based on lessons learned. #BudgetDeficit #TaxCuts #NationalDebt...
#newstr #JanetYellen #DonaldTrump #TaxCutsAndJobsAct #BudgetDeficit #NationalDebt #CongressionalBudgetOffice #EconomicGrowth #CorporateTaxRate
https://here.news/story/eebe0f3d?ver=0.21
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#eebe0f3d ver:0.21
Treasury Secretary Janet Yellen blames Trump's tax cuts for the soaring budget deficit, stating that they gave tax breaks to the wealthy while increasing the national debt. The non-partisan Committee for Responsible Federal Budget emphasizes the need to address both revenue and spending to improve the fiscal outlook. Experts argue that the country's debt problem is primarily due to massive decreases in taxes, particularly benefiting the affluent. The challenge of high and rising federal debt is manageable from an economic standpoint, but the big problem lies in the political sphere. Congress must decide whether to extend the Tax Cuts and Jobs Act's provisions and should consider making improvements based on lessons learned. #BudgetDeficit #TaxCuts #NationalDebt...
#newstr #JanetYellen #DonaldTrump #TaxCutsAndJobsAct #BudgetDeficit #NationalDebt #CongressionalBudgetOffice #EconomicGrowth #CorporateTaxRate
https://here.news/story/eebe0f3d?ver=0.21