On the recordMarch 15, 2023
In President Biden's vision of the future, interest on the debt costs more than the national defense.
Source
congress.govIn President Biden's vision of the future, interest on the debt costs more than the national defense.
Highlighting the rising costs of debt interest compared to national defense spending.
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More from Lester Johnson
anybody who has just hit like $100,000, I mean the maximum. What is the maximum amount of earnings right now subject to the tax?
You are going to pay in. We are going to save this money for you, and then you are going to pay it out in retirement.
I would warn you trying to raise marginal tax rates to the extent you want to is going to really harm economic growth.