12-04-2017, 12:12 PM
This morning I spent a good hour searching for credible economic analysis and theories to support Trump's and the GOP's contention that the forthcoming tax cuts will pay for themselves and that they focus on benefiting lower and middle income citizens. I really wanted to find something.
I could not find anything. Every forecast and analysis from every source shows these tax cuts benefiting the wealthy permanently and costing the lower and middle classes after a few years to pay for those benefits to the wealthy.
Even the most optimistic estimate of economic stimulus and job growth resulting from the tax cuts doesn't even come close to making up for the lost governmental revenue.
I could not find anything. Every forecast and analysis from every source shows these tax cuts benefiting the wealthy permanently and costing the lower and middle classes after a few years to pay for those benefits to the wealthy.
Even the most optimistic estimate of economic stimulus and job growth resulting from the tax cuts doesn't even come close to making up for the lost governmental revenue.