Opinion: Biden's Proposal Could Raise Fed Debt 106% of GDP
- Lone Star Truth Initiative
- Mar 15, 2024
- 1 min read
After reviewing Biden's economic plan, Dan Boyle fears it would significantly raise taxes, from roughly 18% of GDP to over 20%. But it would not close the deficit in the 10-year budget window and would see the federal debt held by the public rise as high as 106% of GDP.