Can Higher Taxes REALLY Fix America's Debt Crisis?

America's national debt continues to reach historic levels—but will raising taxes actually solve the problem? In this episode of The States, Greg Bishop speaks with Tax Foundation Chief Economist William McBride about why federal deficits continue to grow, what's driving government spending, and why many economists argue that tax increases alone cannot eliminate America's debt crisis. We also cover: • Government shutdown reform proposals in Congress • The true cost of deficit spending • Social Security and Medicare spending trends • National debt interest surpassing defense spending • Wealth taxes, payroll taxes, tariffs and other tax proposals • How government spending impacts taxpayers • Why economic growth matters for balancing the budget If you care about government accountability, federal spending, taxes, inflation, and protecting taxpayers, this is an interview you won't want to miss. Subscribe for daily reporting focused on state government, public policy, taxpayer accountability, and economic news. #NationalDebt #Taxes #Economy #Taxpayer #GovernmentSpending #Deficit #Finance #FiscalPolicy #Economics #CenterSquare