Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

U.S. Faces Higher Taxes, Inflation and Rates, Cooperman Warns

Aug. 6, 2021, 10:56 PM

Washington policymakers threaten Americans with higher taxes, higher inflation and higher interest rates that will eventually lead to a bad outcome for the U.S. economy, according to billionaire investor Leon Cooperman,

“I think we have a bad end to this,” Cooperman, 78, said Friday during a Bloomberg Television interview. “We’ve been borrowing from the future.”

U.S. debt is already in record territory and headed higher, Cooperman warned. A bipartisan majority of the Senate is heading toward a weekend vote on its $550 billion infrastructure bill, setting the stage for a $3.5 trillion Democratic economic package that will overhaul policies ...