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Well technically the existing tax cuts already did blow a whole in the budget; its keeping them that's at play here. Its one of the reasons Trump was popular am
by cloverich 2y ago
Well technically the existing tax cuts already did blow a whole in the budget; its keeping them that's at play here. Its one of the reasons Trump was popular amongst his base - he cut taxes but didn't cut spending, so many people got a tax boost without any austerity. People can hand wave the spending as spurious Democrat led initiatives because there's no real discussion amongst the base about how to actually cover the tax losses.
The actual choices are one of: cut medicaid, cut medicare, cut military, cut social security, raise taxes. Tariffs would technically work to if they result in higher prices, but then they seem equivalent to raising taxes (very generally) so not sure if its worth breaking out.
- mexicocitinluez 2y agoYea the existing ones extending is what I was referring to when I said "new" which obviously isn't the right word for extending existing ones.