US M1 money supply is scary!

 US M1 Money Supply Chart.

It is scary to look at how much money the US has issued to support its stimulus packages.  The US will issue more USD because of the US$2.3T infrastructure bill.  Hyperinflation will be awaiting the US if the US continues to issue more USD.

Therefore, it is imperative for the US to raise its corporate taxes since it has to support its additional stimulus packages and also to finance its deficit.

Let's look at the US deficit now.

The corporate tax income (US$15B) in march was not even enough to pay for the March US debt interest (Net interest US$31B).

The US has a deficit of US$1.7T for this year and it has no choice but to raise its corporate taxes to finance its deficit.  However, raising the corporate taxes won't be enough and the US has to find other means to fund its expenditures.