Republican tax cuts and the deficit
If you went to any Republican leader and said, "You've always said deficits are bad and we should have a balanced budget so what about this?", the answer would be something about how, yes, "Maybe the numbers do break down that way but these cuts will stimulate the economy and eventually, we'll have not only that balanced budget but a surplus!"
Guess Who Benefits From Republican Tax Cuts?
Quote:
ITEP figures that total taxes paid in 2018 are about $600 billion less than they would be if we had just left the tax code alone. That's nearly the entire federal deficit projected for this year.
Just to make sure you get that: Republican tax cuts since 2000 are responsible for nearly the entire federal deficit. Repeal them all and the budget would be almost balanced.
|
__________________
Fortitudo, Fidelitas, Decus
I can re-up all my celeb posts, most of my funny posts, and many of my misc funny posts.
|