Uncle Sam’s Stealthy Plan to Force Americans to Pay Higher Taxes

In Analysis by Michael Rae

Uncle Sam has a stealthy plan to force Americans to pay higher taxes. The Congressional Budget Office let the cat out of the bag on that plan in its 2022 Long-Term Budget Outlook.

Before I go any further, here’s the most important chart from the CBO’s report. It shows how much money the CBO’s analysts expect the federal government will spend and collect over the next 30 years.

The chart shows the U.S. government’s tax collections rising slowly and steadily as a share of GDP over that period. That trend is pretty impressive, considering the CBO’s report assumes there won’t be any increases

Read more at The Independent Institute