Tax increases
Coverage of Tax increases in the Nexus archive.
- We've seen this movie before, tax increases are on the way, says Badenoch
Badenoch stated that tax increases are imminent and compared the current situation to a previously experienced scenario. The comment highlights concerns about recurring fiscal policies.
- A bipartisan summit is the best way to address debt, make Social Security solvent
The federal budget deficit is projected to reach 120 percent of GDP by 2036 and 175 percent by 2046 due to tax cuts and increased spending. A bipartisan summit is proposed to address the debt and ensure Social Security's solvency through tax increases and benefit reductions.
- WATCH: Spanberger knocked for ‘bait and switch’ hypocrisy as popularity plummets amid redistricting fiasco
Virginia Governor Abigail Spanberger faces backlash for allegedly abandoning affordability promises in favor of broad tax increases, with critics accusing her of a 'bait and switch' strategy. Her approval ratings have dropped significantly, with 46% disapproving, as opponents highlight her support for taxes on everyday expenses like dry cleaning and gym memberships.