

Warren Buffett predicts a federal tax increase as the U.S. grapples with a national debt exceeding $34 trillion. During Berkshire Hathaway's annual shareholder meeting, he highlighted the growing fiscal deficits and stagnant plans to address them, indicating that taxes are likely to rise as government spending remains high. Despite a robust economy indicated by Berkshire's earnings, Buffett's forecast suggests taxpayers may face higher financial burdens as policymakers struggle to manage the economic imbalance.