The US government will impose “substantial” tax increases on its citizens to try and fix its $1.4 trillion deficit, according to former Treasury Secretary Larry Summers. In a new speech covered by Bloomberg, Summers says that out of control inflation and debt will force the US government to continue raising taxes and lean towards higher The post US Will ‘Substantially’ Increase Taxes To Close $1,400,000,000,000 Budget Deficit, Says Ex-Treasury Secretary appeared first on The Daily Hodl .
