Attention Economy


Wednesday, September 13, 2023

Tax Cuts and Budget Deficits

Tax Cuts Are Here to Stay—and So Are Exploding Deficits
https://www.wsj.com/politics/tax-cuts-budget-deficits-republicans-democrats-4f2a0d33
In recent decades, Republicans and Democrats alike have been reluctant to raise taxes on the overwhelming majority of Americans, or to curb spending.

Related:
Fitch’s downgrade of US debt wasn’t a mistake — it was long overdue 
https://thehill.com/opinion/finance/4138215-fitchs-downgrade-wasnt-a-mistake-it-was-long-overdue/ 
America’s long-term fiscal sustainability challenge
https://thehill.com/opinion/finance/3965613-americas-long-term-fiscal-sustainability-challenge/