by Summary:
The Committee for a Responsible Federal Budget, a nonpartisan budget watchdog in Washington, on Friday called a Senate Republican tax plan a “fatally flawed budget buster,” likening it to Republican legislation in the House of Representatives that the House tax committee has approved.... The Tax Foundation, another nonpartisan group, said the Senate plan would add .78 trillion to the deficit over a decade. It estimated that over the same time frame lower taxes would expand the U.S. economy by 3.7 percent, add 925,000 full-time jobs, raise wages by 2.9 percent and generate enough new tax revenue to erase all but 6 billion of the deficit effect.… Reuters Deficit worries complicate path for Republican tax cuts David Morgan
Topics:
Mike Norman considers the following as important: debt phobia, deficit hysteria, Trump tax cuts
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The Committee for a Responsible Federal Budget, a nonpartisan budget watchdog in Washington, on Friday called a Senate Republican tax plan a “fatally flawed budget buster,” likening it to Republican legislation in the House of Representatives that the House tax committee has approved.... The Tax Foundation, another nonpartisan group, said the Senate plan would add .78 trillion to the deficit over a decade. It estimated that over the same time frame lower taxes would expand the U.S. economy by 3.7 percent, add 925,000 full-time jobs, raise wages by 2.9 percent and generate enough new tax revenue to erase all but 6 billion of the deficit effect.… Reuters Deficit worries complicate path for Republican tax cuts David Morgan
Topics:
Mike Norman considers the following as important: debt phobia, deficit hysteria, Trump tax cuts
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The Committee for a Responsible Federal Budget, a nonpartisan budget watchdog in Washington, on Friday called a Senate Republican tax plan a “fatally flawed budget buster,” likening it to Republican legislation in the House of Representatives that the House tax committee has approved....
The Tax Foundation, another nonpartisan group, said the Senate plan would add $1.78 trillion to the deficit over a decade. It estimated that over the same time frame lower taxes would expand the U.S. economy by 3.7 percent, add 925,000 full-time jobs, raise wages by 2.9 percent and generate enough new tax revenue to erase all but $516 billion of the deficit effect.…