Yesterday, the governor of Puerto Rico announced that his government’s $72 billion of debts are not payable, in advance of $1.92 billion in debt service payments due on Wednesday. This announcement follows over a year...
Scott Hodge on the Debt Ceiling, Deficit Spending and Federal Taxes
Tax Foundation President Scott Hodge discusses the current negotiations between Congress and the White House over the debt ceiling and the federal budget process. He also answers caller questions on the burden of the federal income tax and whether U.S. corporations and high-income households are paying their "fair share" of taxes.
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