@bradleygator - why won't you answer this question? One of the key points in contesting this bill is that tax cuts will simply result in less revenue. That's not normally how tax cuts pan out. Typically they increase economic activity and revenue either stays the same or increases. Reducing regulatory burdens (which are also taxes) is key.
Furthermore, all of this fear mongering is based on CBO estimates which are almost never accurate past the 2nd year (and often worse).
Lastly, wasteful spending and program cuts are coming next. This bill isn't the final picture. But I don't think anyone voted for Trump expecting he could erase $37T in debt. It wouldn't matter anyway because the next time a Leftist wins it would all be undone.
He's doing this to grow the economy - debt is measured as a percentage of GDP. You can sustain debt as long as the economy is rolling and interest rates are low...the problem comes in when the economy stalls, or inflation hits, and interest rates increase. That's when default happens. But you can't even start to address the debt issue in a stagnant economic cycle.
Do you think Trump is intentionally damaging the country? What's his motivation in your eyes?
The Congressional Budget Office's 10-year budget projections are consistently wrong. They regularly overstate economic growth, underestimates government outlays, and underestimates the effects of economic incentives. The net result is that the CBO projects lower debt and lower deficits than...
fee.org
