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JPMorgan CEO Jamie Dimon has put forth a solution to unrestrained US debt: Tax the rich at the same rate as middle-class people, or at a higher rate. ... is infrastructure, earned-income tax ...
The US national debt topped a psychologically important milestone of $35 trillion in recent days and has risen by $1 trillion since January — mounting by nearly $5 billion every day so far in 2025.
Outstanding government debt stood at $34.9 trillion ($34,940,154,000,000 to be somewhat more precise) as of Tuesday, according to the latest data from the Treasury Department. That's a debt load ...
GOP leaders in the House last month floated an idea to raise the debt limit by $1.5 trillion in 2025 as part of a first reconciliation package, which may include border security and energy ...
America is now almost $35 trillion in debt. That means every American owes $100,000. President Joe Biden's administration doesn't care. They want to spend more.. Already they are spending so much ...
Larry Fink says America’s $35 trillion national debt will be a ‘big burden on the backs of our children’ unless the private sector is given room to grow Eleanor Pringle July 16, 2024 at 6:05 AM
The maximum estate tax, gift tax, and generation-skipping tax rate, which was 55% in 2001 (with an additional 5% for estates over $10,000,000 in order to eliminate the benefit of the lower estate tax brackets) was reduced to 50% in 2002, with an additional 1% reduction each year until 2007, when the top estate tax rate became 45%.
How new plans from Kamala Harris could impact the $35 trillion national debt. ... a $1.2 trillion expansion of the child tax credit while another piece of the plan to lower prescription drug costs ...