Further contributing to the national debt are the Bush tax cuts. According to a recent analysis by the Center on Budget and Policy Priorities (CBPP), based on Joint Committee on Taxation and Congressional Budget Office estimates: "Through fiscal year 2007 tax legislation enacted since 2001 has had a direct cost of $1.3 trillion." The CBPP analysis continued, "Because these tax cuts were not paid for, they are also generating substantial increases in the national debt. The additional debt now being built up will persist even if the tax cuts are allowed to expire on schedule."
What you need to know as Russia's full-scale war on Ukraine enters its 5th
year
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Russia launched its full-scale invasion of Ukraine four years ago, and the
fighting continues. Here's a look at where the war stands today.
2 hours ago
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