5 ms·
> where is the money going? The Republicans hope to pass tax cuts: https://www.wsj.com/politics/policy/trump-tax-bill-cuts-senate-roadblocks-c6a150fd https://w
by Taikonerd 2y ago
> where is the money going?
The Republicans hope to pass tax cuts: https://www.wsj.com/politics/policy/trump-tax-bill-cuts-senate-roadblocks-c6a150fd https://www.wsj.com/politics/policy/trump-tax-bill-cuts-sena...
"[The most recent] plan calls for $4.5 trillion in tax cuts over a decade and at least $1.5 trillion in spending cuts."
In other words, the tax cuts will actually cost MORE than is being saved by these spending cuts. We're going to go into debt even faster.
- thordenmark 2y agoIt is Republican dogma that tax cuts stimulate the economy and ultimately have a larger return for the government than raising taxes will.
- alabastervlog 2y agoDespite no evidence that this actually works. Plus the vast majority of experts on the topic saying it doesn’t work, but also, we’ve tried it and it doesn’t work.
- rbanffy 2y agoMany countries have tried, some multiple times, and it NEVER worked. It made rich people richer. That’s why they try again.
- Incipient 2y agoI think that's called "trickle down economics"? Which I don't think anyone believes any more is actually a viable thing. People have realised "money makes money". You give the rich more money/less tax, they just get richer at the expense of the less rich.
- anjel 2y ago"We aim to shrink the federal government until its small enough to be dragged into the bathroom and drowned in the tub." -Grover Nordquist: Starving The Beast