Reposted by David S. Mitchell
The federal deficit debate often boils down to spending vs. revenue. But what if that's the wrong question?
In a new report, @michaelslinden.bsky.social argues today's spending trajectory was largely anticipated decades ago, while repeated tax cuts reduced revenues and widened the budget gap.
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equitablegrowth.org
The deeper argument at the heart of the federal budget debate
A federal budget that responds to current needs while investing in our future U.S. economy requires higher revenue collection.
