The Tax Policy Center has criticized the recently passed bipartisan debt deal for failing to cut down government spending in health care and Social Security programs, warning that the country’s finances could go haywire in the future without reforms in these categories. “This budget agreement failed to touch the major items of spending growth, health…
‘Unsustainable’ Health and Retirement Spending Will Hurt Government Finances: Tax Policy Center
June 29, 2023
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Study Reveals Spending Bill Would Raise Taxes on Middle Class, Despite Biden’s Promise
President Joe Biden’s Build Back Better spending plan would raise taxes on middle-class Americans, according to a study released Thursday, despite the president’s pledge that taxes would only increase for Americans earning $400,000 or more per year. The Tax Policy Center study instead revealed a significant percentage of middle-income households would pay increased taxes in…
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