Can the US Tax Its Way to Fiscal Health? on Nostr: A Comparison of Trump and Biden's Contributions to the National Debt =============== ...
A Comparison of Trump and Biden's Contributions to the National Debt
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#eebe0f3d ver:0.2
Lawmakers debate raising taxes or cutting spending to tackle rising deficits and debt. Tax cuts and spending increases both contribute to the debt. Tax cuts under Bush and Trump added $10 trillion to the debt. Cutting spending alone won't fix the problem. The challenge lies in the political sphere. The Biden administration aims for deficit reduction and investments in infrastructure, clean energy, and national security. The federal budget has been mismanaged, with tax cuts failing to deliver promised benefits. The Biden administration's proposed tax policy and expanding the mandatory side of the budget face criticism. Small business owners urge extension of Trump-era tax cuts. Trump added $8.4 trillion to the debt, while Biden added $4.3 trillion. The national debt requires addressing both revenue and spending. #NationalDebt #TaxCuts #Spending #Deficit #Biden #Trump...
#newstr #Trump #Biden #NationalDebt #TaxCuts #FiscalChallenges
https://here.news/story/eebe0f3d?ver=0.2
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#eebe0f3d ver:0.2
Lawmakers debate raising taxes or cutting spending to tackle rising deficits and debt. Tax cuts and spending increases both contribute to the debt. Tax cuts under Bush and Trump added $10 trillion to the debt. Cutting spending alone won't fix the problem. The challenge lies in the political sphere. The Biden administration aims for deficit reduction and investments in infrastructure, clean energy, and national security. The federal budget has been mismanaged, with tax cuts failing to deliver promised benefits. The Biden administration's proposed tax policy and expanding the mandatory side of the budget face criticism. Small business owners urge extension of Trump-era tax cuts. Trump added $8.4 trillion to the debt, while Biden added $4.3 trillion. The national debt requires addressing both revenue and spending. #NationalDebt #TaxCuts #Spending #Deficit #Biden #Trump...
#newstr #Trump #Biden #NationalDebt #TaxCuts #FiscalChallenges
https://here.news/story/eebe0f3d?ver=0.2