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> so far in the past like, 15 years, we've shown we're going to keep taxes roughly the same and keep spending roughly the same (continue to grow it year over ye
by shagie 4y ago
> so far in the past like, 15 years, we've shown we're going to keep taxes roughly the same and keep spending roughly the same (continue to grow it year over year)
I would like to bring that into question.
https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act_of_2017 https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act_of_2017
> The CBO estimated that implementing the Act would add an estimated $2.289 trillion to the national debt over ten years, or about $1.891 trillion after taking into account macroeconomic feedback effects, in addition to the $9.8 trillion increase forecast under the current policy baseline and existing $20 trillion national debt.
... And of course the time between 2017 and 2023 has been great for the economy with improved revenue growth offsetting the reduction in taxes.