More importantly do you truly understand it?
How does debt and the debt ceiling work? Basically the same as your debt. When a person regularly increases their credit card debt, their payment increase – the debt ceiling works the same way. How can the debt increase be handled? It is pretty simple – you can:
- Increase income
- Spend less money
The purpose of recent tax cuts is to stimulate the economy and, over time, increase revenue. Will it work? What has the United States done in the past to cover additional debt? If it doesn’t work what will likely happen next? The Future of U.S. Taxation white paper is designed to address each of these questions and arm you with a better understanding of the debt ceiling. Chances are, your clients WILL be impacted by the tax cuts, so request the white paper and educate yourself now.