Heritage’s Bill Beach: Fix the Debt, or Taxes Will Double for Millennials

Josh Shepherd / July 21, 2011

In a new interview with The Boundless Show, Bill Beach of The Heritage Foundation shocked host Lisa Anderson and her young-adult audience with his statement: “If we don’t immediately act to solve the debt crisis, what will happen is tax rates will basically double by the time the current millennial generation is in their 50’s—which isn’t that far away.“

Bill Beach on The Boundless Show

Their discussion was based on Heritage’s recent report Slay the Beast: How You Can Save Us from the Massive Debt. A presentation Beach and co-author Rob Bluey have given across the country, Slay the Beast reveals principles for college students and young professionals to weather the current recession and what they can do to fix our nation’s fiscal crisis.  (more…)