On the recordMarch 22, 2023
The new budget lays out another $2.5 trillion of spending increases and going to the Treasury Green Book that you just mentioned a few minutes earlier, another $4.7 trillion of tax increases as well.
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congress.govThe new budget lays out another $2.5 trillion of spending increases and going to the Treasury Green Book that you just mentioned a few minutes earlier, another $4.7 trillion of tax increases as well.
Hagerty criticizes the proposed budget for significant spending and tax increases.
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this approach to debt management undermines the Treasury's credibility because it creates the perception that the administration could be easing financial conditions for political purposes.
excessive reliance on bills cost taxpayers more money in interest expenses, because of the need to roll over short-term financing at elevated rates.
proper management of our Nation's debt keeps our funding costs low, and maintains the dollar status as the world's reserve currency.