The following article was posted on the TrumpAccountable.org website December 18, 2017:
Republicans have been dismissive of claims – including CBO projections – that the tax plan winding its way through Congress will increase the national debt by an estimated 1.5 trillion dollars. Other estimates put the cost of the tax cuts at 2.3 trillion dollars if they are extended. Whatever the actual amount that the tax cuts add to the debt, the following facts remain:
- After decades of tagging Democrats as “tax and spend liberals,” Republican lawmakers are voting for a significant increase to the national debt.
- Nearly all economists dispute Republicans’ rosy economic estimates that growth will increase sufficiently to counter the increase in debt. Continue reading “Reduce Taxes…Increase Debt”