11-28-2017, 11:52 AM
I thought you were very strongly against debt increase and deficit spending Mags.
Seems a lot of Republicans who raged against it in the past are now supporting it too, essentially claiming trickle down economics will spur enough growth to make up for it. That doesn't seem realistic to me based on history and the lack of specific details/evidence to support that claim.
But, there are still enough deficit hawks in Congress to make it unclear whether the current tax reform and budget proposals can be passed before Christmas. I hope the current proposals fail.
From what I can tell.........they don't help everyone, put seniors and low-income earners in a worse place after a few years, and they benefit the extremely wealthy much more than others.
The Senate Budget Committee is set to vote on the Republican tax plan this afternoon, ahead of a floor vote this week. If they pass it, they'll need to reconcile the differences in the House plan to come up with a consolidated bill for vote.
The nonpartisan Congressional Budget Office (CBO) has projected that the GOP tax plan would increase the federal deficit by more than $1.4 trillion over the next decade and that it would hurt low-to-middle-income people and benefit the wealthy. https://www.cbsnews.com/news/senate-budg...-tax-plan/
Seems a lot of Republicans who raged against it in the past are now supporting it too, essentially claiming trickle down economics will spur enough growth to make up for it. That doesn't seem realistic to me based on history and the lack of specific details/evidence to support that claim.
But, there are still enough deficit hawks in Congress to make it unclear whether the current tax reform and budget proposals can be passed before Christmas. I hope the current proposals fail.
From what I can tell.........they don't help everyone, put seniors and low-income earners in a worse place after a few years, and they benefit the extremely wealthy much more than others.
The Senate Budget Committee is set to vote on the Republican tax plan this afternoon, ahead of a floor vote this week. If they pass it, they'll need to reconcile the differences in the House plan to come up with a consolidated bill for vote.
The nonpartisan Congressional Budget Office (CBO) has projected that the GOP tax plan would increase the federal deficit by more than $1.4 trillion over the next decade and that it would hurt low-to-middle-income people and benefit the wealthy. https://www.cbsnews.com/news/senate-budg...-tax-plan/