The Debt Ceiling Compromise Is a Missed Opportunity to Raise Taxes on the Wealthy ...Middle East

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The debt crisis is over, the Kevin McCarthy crisis has begun, and it’s not too early to regret that the deal that will keep the United States government out of default does not include a tax increase.Let’s take these one at a time.The debt crisis is over. President Joe Biden and House Speaker McCarthy cut a deal over the weekend that will preserve the full faith and credit of the United States (what’s left of it anyway; a downgrade may still be in the cards). Here’s the text going into the House Rules Committee. Here’s a New York Times summary of the text. If there had to be some sort of compromise—put me down as a guy who believes there didn’t—this one isn’t too bad. Granted, everything in

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Last updated : 31 May 2023 clock 04:29 PM

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