Can the US Tax Its Way to Fiscal Health? / is on Nostr

The consequences of tax cuts, spending increases, and Biden's tax policy on the national debt and American citizens

Last Notes

2024-08-19 00:38:39

How Will Harris's Economic and Climate Policies Shape the 2024 Election?
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#newstr #KamalaHarris #EconomicPolicy #Democrats #Trump #PriceGouging #NorthCarolina #2024Election #GretchenWhitmer #HakeemJeffries #TammyDuckworth
https://here.news/story/eebe0f3d?ver=1.01

2024-08-18 15:34:20

2024 Election: Harris vs. Trump - Who Will Win Gen Z's Vote?
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#newstr #KamalaHarris #DonaldTrump #2024Election #Poll #DemocraticConvention #GenderGap #Economy #Abortion #VoterEnthusiasm #BattlegroundStates
https://here.news/story/eebe0f3d?ver=0.95

2024-08-18 04:07:10

Kamala Harris Outlines Economic Plan to Support Middle Class and Reduce Costs
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#newstr #KamalaHarris #EconomicPlan #MiddleClass #CostReduction #Jobs #Inflation #HousingShortage #TaxCuts #PopulistFocus #CongressionalApproval #Economists #DonaldTrump
https://here.news/story/eebe0f3d?ver=0.91

2024-08-17 18:11:07

Critics Slam Kamala Harris's Economic Plan as 'Walking Dead' Conditions
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#newstr #KamalaHarris #EconomicPlan #Inflation #PriceGouging #Healthcare #DrugCosts
https://here.news/story/eebe0f3d?ver=0.89

2024-08-17 02:06:30

Former Obama Economic Adviser Casts Doubt on Kamala Harris's Economic Plan
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#newstr #KamalaHarris #EconomicPlan #PriceGouging #Inflation #GroceryCosts #HousingSubsidies #TaxBreaks #SmallBusinesses
https://here.news/story/eebe0f3d?ver=0.84

2024-08-15 11:07:23

Kamala Harris's Comprehensive Economic Plan: Addressing Grocery Costs, Housing, and Healthcare
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#newstr #KamalaHarris #EconomicPlan #GroceryCosts #Housing #Healthcare
https://here.news/story/eebe0f3d?ver=0.6

2024-08-05 02:03:55

Kamala Harris's Economic Platform and Policies Draw Attention Amid Criticism and Questions About Her Father's Marxist Economics
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#newstr #KamalaHarris #DonaldJHarris #MarxistEconomist #Postkeynesianism #EconomicInequality
https://here.news/story/eebe0f3d?ver=0.54

2024-07-29 01:24:19

Kamala Harris's Economic Vision for America's Middle Class, Republican Criticism on Inflation, and Fareed Zakaria's Analysis of Biden's Presidency
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#newstr #KamalaHarris #JoeBiden #FareedZakaria #Economics #Infrastructure #ChildPoverty #JobCreation #ForeignPolicy #Immigration #Inflation
https://here.news/story/eebe0f3d?ver=0.43

2024-07-27 05:14:48

Harris's Economic Record and Plans for the US Election
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#newstr #KamalaHarris #JoeBiden #EconomicRecord #Election #UnemploymentRate #SupplyChains #Inflation #DonaldTrump #AffordableHealthcare #AffordableChildcare #FederalReserve #InterestRates #HousingAffordability #GroceryPrices #CarPrices #Wages #HouseholdIncome
https://here.news/story/eebe0f3d?ver=0.32

2024-07-10 14:08:11

Fact-checking Biden's claims on tax cuts and economic plan
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Lawmakers debate raising taxes or cutting spending to address rising deficits and debt. Tax cuts and spending increases both contribute to the debt, with tax cuts benefiting the affluent. The US debt problem requires addressing both revenue and spending. Former Treasury Secretary Larry Summers suggests strengthening IRS enforcement to raise more tax revenue. Stabilizing the national debt would require spending cuts or tax increases equivalent to 2.8% of GDP annually. The Biden administration aims for deficit reduction and has ruled out tax increases for households earning less than $400,000. The US federal budget needs better management and consideration of spending priorities. Extending the Tax Cuts and Jobs Act would cost the economy billions. Biden and Trump both added to the national debt, with Biden's spending including infrastructure and clean energy investments. The OECD urges Biden to raise income tax and cut pensions spending to address the rising debt. Biden's claims about tax cuts and his economic plan lack context and accuracy. #TaxCuts #Debt #Spending #Deficit #IRS #NationalDebt #Biden #Trump #EconomicPlan #OECD...
#newstr #NationalDebt #Biden #Trump #TaxCuts #Spending
https://here.news/story/eebe0f3d?ver=0.24

2024-06-25 20:59:46

OECD Urges Biden to Raise Income Tax and Cut Spending to Tackle US Debt
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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

2024-06-25 02:05:24

A Comparison of Trump and Biden's Contributions to the National Debt
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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

2024-06-24 19:04:12

A Comparison of Trump and Biden's Contributions to the National Debt
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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 of high debt is manageable economically but requires political action. Biden and Trump both added to the debt, with Biden adding $4.3 trillion so far. The focus should be on what the spending is for, not just the amount spent. #NationalDebt #TaxCuts #SpendingCuts #FiscalResponsibility...
#newstr #Trump #Biden #NationalDebt #FiscalRecord #Crfb
https://here.news/story/eebe0f3d?ver=0.19

2024-05-29 17:57:43

The Partisan Pattern of Increasing Federal Debt and the Role of Tax Cuts
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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