The impact of Trump’s tax bill
World Business Report
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U.S. Debt and Taxation: A Tenuous Balance
This chapter discusses the implications of the U.S. government's debt in light of a recent tax bill projected to lead to $24 trillion in borrowing over the next decade. The speakers debate the sustainability of current borrowing practices, the potential need for increased taxes, and how these elements affect investor confidence in U.S. treasuries. They highlight the importance of a balanced fiscal approach to managing debt while considering the responsibilities of policymakers and the long-term economic impacts of tax policies.
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