Tag: taxes
![Senior man calculating finances](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_1-1536x1024.jpg)
The Republican candidates have made it very clear that increased revenue should play no part in the effort to restore fiscal balance. As a result, all the balancing is accomplished through cuts to programs, including those that many retirees rely on such as Medicare. Moreover, a recent analysis of Governor Romney’s tax proposals by t…
![elderly man inserting credit card to ATM](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_3-1536x1024.jpg)
The Congressional Budget Office projects that, with the current trajectory of taxes and spending, debt will rise from its current level of about 70% today to nearly 95% in ten years and twice that high by 2040. It is inconceivable that we can avoid such an outcome without raising taxes. But the current tax debat…