Is Raising Taxes the Way to Decrease Budget Deficit?

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The yawning budget deficit is the highest it has ever been and it is legitimately a grave concern to all citizens of the United States. Most people think that to address this deficit, the government has to either raise taxes or cut spending. Nobody wants taxes to be raised but few also would like to see the government decrease in spending on important programs like Medicare and defense. Is there another way to address the budget deficit?

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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