If it is implemented, the proposed increase in the tax rate on earned and business income above $400,000 in the Biden budget, along with other proposed changes to Medicare, would extend the solvency of the Medicare program for the next 25 years.
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If it is implemented, the proposed reform of Medicare drug negotiations in the Biden budget is likely to lead to a substantial reduction in drug prices for beneficiaries.
Responses
If it is implemented, the proposed reform of Medicare drug negotiations in the Biden budget is likely to lead to a substantial reduction in the development of beneficial new drugs.
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With the US federal government having reached the current debt ceiling set by Congress and amid political tensions about raising the limit, we invited our panels of experts in economics and finance to express their views on the potential effects of default, as well as the ceiling’s impact on the long-run size of the debt. Over the weekend before the recent meeting between President Biden and Speaker of the House Kevin McCarthy, we asked the US economics panel whether they agreed or disagreed with the following statements, and, if so, how strongly and with what degree of confidence:
With the US federal government having reached the current debt ceiling set by Congress and amid political tensions about raising the limit, we invited our panels of experts in economics and finance to express their views on the potential effects of default, as well as the ceiling’s impact on the long-run size of the debt. Over the weekend before the recent meeting between President Biden and Speaker of the House Kevin McCarthy, we asked the US economics panel whether they agreed or disagreed with the following statements, and, if so, how strongly and with what degree of confidence: