Is President Biden On the Right Track With His Billionaire and Business Tax Increase Plans?
CPA Practice
MARCH 15, 2024
David Ely, San Diego State University NO: The president’s proposed budget would increase tax receipts, as a share of GDP, from 16.5% in 2023 to 20% by 2031. While changes to the tax code are worth debating, we ought to be concerned about the federal government becoming a larger part of the economy.
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