Can America overcome its $30 trillion debt dilemma with tax cuts?
- Posted on March 10, 2025
- By Business News Today
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Can America overcome its $30 trillion debt dilemma with tax cuts?

America's debt trajectory, nearing $30 trillion, is unsustainable, needing $10 trillion in deficit reduction over the next decade. Tax cuts since 2000, coupled with increased spending, have been major debt drivers. Lawmakers should aim to raise revenue, considering more efficient means like a value-added tax, while maintaining progressive tax system elements to stabilize fiscal health.