Jul 18, 01:05 PM

IMF Advises U.S. to Raise Taxes, Delay Rate Cuts Until Late 2024 to Address Federal Debt

The International Monetary Fund (IMF) has advised the United States to raise taxes and delay cutting policy rates until late 2024. The IMF's recommendations, outlined in its 'Article IV' staff report, suggest progressively raising income tax rates, including for households earning less than $400,000 annually. Additionally, the IMF proposes scaling back deductions for mortgage interest and state and local taxes, and increasing gasoline and diesel taxes. The IMF emphasizes that the Federal Reserve should wait for clearer evidence that inflation is sustainably returning to its 2% target before reducing rates. The recommendations aim to address the growing federal debt, as stated in the report released on Thursday.

#International Monetary Fund #IMF #United States #Federal Reserve

Written with ChatGPT (GPT-4o).

Sources

CtheLightTrading@canuck2usa
2 years ago
IMF: U.S. SHOULD CONSIDER PROGRESSIVELY RAISING INCOME TAX RATES, INCLUDING FOR HOUSEHOLDS EARNING LESS THAN $400,000 ANNUALLY IMF: U.S. SHOULD CONSIDER SCALING BACK DEDUCTIONS FOR MORTGAGE INTEREST AND STATE AND LOCAL TAXES, RAISE GASOLINE AND DIESEL TAXES
PiQ@PiQSuite
2 years ago
🔵 IMF SAYS U.S. SHOULD RAISE TAXES, WAIT UNTIL LATE 2024 TO CUT RATES The International Monetary Fund on Thursday said the U.S. Federal Reserve should not cut interest rates until "late 2024" and the government needs to raise taxes to slow the growing federal debt -- including… https://t.co/34vuWLn3o6
Markets Today@marketsday
2 years ago
IMF says U.S. should raise taxes, wait until late 2024 to cut rates

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IMF Advises U.S. to Raise Taxes, Delay Rate Cuts Until Late 2024 to Address Federal Debt

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