7 hours ago
Growing deficit, budget cuts yet still no mention of raising taxes on wealthy
Sen. Ron Johnson, speaking from his background, insists that the budget deficit will mortgage our children's futures.
I'm not an accountant, but I do agree. I'm old enough to remember when corporations and the wealthy were not so wealthy yet were taxed at a much higher rate. The American dream was real, and America's debt was not a problem.
Today, Congress struggles to fund innovations like Social Security, public healthcare and clean energy. Johnson warns that cuts outlined in the 'big beautiful' budget bill will not reduce the repercussions of our growing deficit. More and deeper cuts are needed, he says. This would disproportionately affect middle- and lower-income families, I must add.
If I remember my Econ 101, rising prices from tariffs, and with that a likely recession, would deal an even heavier blow to families already hard hit. And still no mention of raising taxes on the wealthy.
Suzanne Powell, Milwaukee
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This article originally appeared on Milwaukee Journal Sentinel: I agree with Ron Johnson that budget bill mortgages future | Letters
