Tax increases

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.

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.