Showing posts with label Warning of ‘Dangerous’ Debt. Show all posts
Showing posts with label Warning of ‘Dangerous’ Debt. Show all posts

Tuesday, December 13, 2016


By Bloomberg, Dec. 12, 2016 

President-elect Donald Trump’s race to enact the biggest tax cuts since the 1980s went under a caution flag Monday as Senate Majority Leader Mitch McConnell warned he considers current levels of U.S. debt “dangerous” and said he wants any tax overhaul to avoid adding to the deficit.

“I think this level of national debt is dangerous and unacceptable,” McConnell said, adding he hopes Congress doesn’t lose sight of that when it acts next year. “My preference on tax reform is that it be revenue neutral,” he said.

Read More: https://www.bloomberg.com

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