Sweden Warns U.S. Against Targeting Welfare With Tax Deficit
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The U.S. will never be able to afford the kind of welfare benefits enjoyed by Europeans unless it raises taxes, Swedish Prime Minister Fredrik Reinfeldt said.
“It’s not sustainable for a country to try to have European levels of expenditure with taxation levels like the United States has,” Reinfeldt said today in an interview with Bloomberg Television’s Francine Lacqua in Davos, Switzerland. “That’s not possible.”