Some lawmakers favor substantial increases to marginal tax rates. Let’s look at how marginal tax rates and brackets work.
Lower levels of debt allow governments to respond more effectively to a recession or financial crisis.
High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the U.S.
Although the budget would achieve some deficit reduction on paper under the administration’s calculations, it fails to address the key drivers of our long-term debt and relies on overly-optimistic assumptions for economic growth.