Never in the history of taxes and or tax cuts has there been a tax cut that has paid for itself. And yet the GOP keeps saying it and people keep believing it.
Reposted from
Bobby Kogan
New analysis from the Joint Committee on Taxation (CBO, but for taxes) on whether the tax parts of the GOP bill pay for themselves.
No shit, JCT says absolutely not.
Under a conventional score, the tax parts cost $3.8 trillion. When you include the macrodynamic impact, they cost.... $3.7 trillion.
No shit, JCT says absolutely not.
Under a conventional score, the tax parts cost $3.8 trillion. When you include the macrodynamic impact, they cost.... $3.7 trillion.
Comments
Everyone else? Not so much.
Give a middle-class or poor person $10K and it will ALL go right back into the economy.
Even if handed power — again — they will never reverse these cuts and recover all the lost revenues from the wealthy.
Might as well vote Republican and enjoy the party on the Titanic deck. 🥳 🎉
Those same people believed in DOGE checks.