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They claim it will come from a huge economic boom which will be unleashed by cutting corporate tax rates. However, a proposal to automatically undo some of the
by tasty_freeze 9y ago
They claim it will come from a huge economic boom which will be unleashed by cutting corporate tax rates.
However, a proposal to automatically undo some of the changes if the "guaranteed to pay for itself" plan fails was scrapped. I'd rather have challenged those claiming the cuts would pay for themselves to put up or shut up: force retirement if the growth didn't appear.
- propman 9y agoThat was political grandstanding. Imagine if some war broke out or something like the financial crisis happened in 3 years. Already poor economic growth, 401k crashing, job cutting, businesses losing money and all of a sudden taxes go up 15%? It would sink the economy and force govt to pay trillions. It was a comically absurd idea that becomes easily refuted with 5 seconds of thought. Unfortunately, 99% of politics is grandstanding, just hope that things that pass into actual law are rational.