Stories >> Economics
Glenn Hubbard: The Biden Budget’s Arithmetic Problem
Taxing the rich won’t come close to funding the new social spending the White House is proposing. President Biden’s first full budget, released last month, forecasts a large increase in social spending, paid for both by heavy increases in taxes and by big deficits and new public debt. The budget, which outlines major new spending initiatives
Click to Link
Posted: June 20, 2021 Sunday 05:57 PM