OECD Urges Biden to Raise Income Tax and Cut Spending to Tackle US Debt
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#eebe0f3d ver:0.22
The OECD has urged President Biden to raise income tax and cut spending, including pensions and healthcare, to address the dangerous rise in the US national debt. The debt has reached 120% of GDP and is projected to keep growing rapidly. Failure to tackle the debt could undermine current spending programs. The US government is expected to borrow $1.9 trillion this year, with the deficit forecasted to rise to $2.8 trillion per year in a decade. The OECD also highlighted the US's weakened fiscal credibility due to government shutdowns and difficulties in managing the budget process. #USDebt #TaxReform #SpendingCuts...
#newstr #Oecd #JoeBiden #IncomeTax #UsDebt #UsNationalDebt
https://here.news/story/eebe0f3d?ver=0.22
Can the US Tax Its Way to Fiscal Health? /
npub12t…v639a
2024-06-25 18:59:46
Author Public Key
npub12trgmpm0ujaj646t325raydqrse4h89u00zgfddlhh5hvpu624uq7v639aPublished at
2024-06-25 18:59:46Event JSON
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"content": "OECD Urges Biden to Raise Income Tax and Cut Spending to Tackle US Debt\n===============\t\n#eebe0f3d ver:0.22\n\nThe OECD has urged President Biden to raise income tax and cut spending, including pensions and healthcare, to address the dangerous rise in the US national debt. The debt has reached 120% of GDP and is projected to keep growing rapidly. Failure to tackle the debt could undermine current spending programs. The US government is expected to borrow $1.9 trillion this year, with the deficit forecasted to rise to $2.8 trillion per year in a decade. The OECD also highlighted the US's weakened fiscal credibility due to government shutdowns and difficulties in managing the budget process. #USDebt #TaxReform #SpendingCuts...\n\n#newstr #Oecd #JoeBiden #IncomeTax #UsDebt #UsNationalDebt \n\n https://here.news/story/eebe0f3d?ver=0.22",
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