The US national deficit, expected to remain above $1 trillion annually and potentially increase next year, suggests a high likelihood of future tax rate increases due to rising national debt and government spending.
"we still have an extremely large national deficit between1 to2 trillion dollar every year it's been above a trillion since the pandemic and it doesn't look like it's going to be under a trillion dollar anytime soon in fact next year is going to be even more than this year according to the data so if we have the situation where the government continues spending our national debt continues Rising you'd have to think that in the future there is a high likelihood that tax rates could go up"
