Rising debt may drive future higher taxes
At some point, the debt trajectory will drive discussions on Capitol Hill to increase revenue, which could result in higher taxes.
Tag: budget deficit
Webcast: Tax outlook and strategies in the Biden era
Wealth management professionals offer a tax outlook and discuss tax smart strategies under the Biden era.
Congress eyes cuts to tax preference items
As Congress debates fixes for the budget deficit and reviews options to grow revenues, provisions in the tax code that have benefited investors are under scrutiny. Tax reform proposals, such as the Bowles-Simpson recommendations, call for a significant scaleback in the use of tax preference items, including many itemized deductions. More recently, plans endorsed by