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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 ...

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