How Trump's tax cuts will saddle American taxpayers with $2 trillion more in debt

[Miles Archer]

New York Times columnist Paul Krugman outlined all the reasons why President Donald Trump’s tax cut failed — and how much it’s going to cost American taxpayers.

“The Trumpist theory — which was, I’m sorry to say, endorsed by conservative economists who should have known better — was that there was a huge pile of money sitting outside the U.S. that companies would bring back and invest productively if given the incentive of lower tax rates,” Krugman wrote.

“But that pile of money,” he continued, “was an accounting fiction.”

What’s more: “the tax cut didn’t give corporations an incentive to build new factories and so on; all it did was induce them to shift their tax-avoidance strategies.”

https://www.rawstory.com/2019/03/paul-krugman-drops-bomb-trumps-base-just-saddled-2-trillion-debt/

[SHRED]

1. His base only cares about debt...

...when Democrats control the Whitehouse.

[Vinca]

2. Is the cult now all into going blonde? Same shade as Dear Leader's lovely color.

[scrutineer]

5. "Look at that face! ...

"Look at that face! ... I mean, she's a woman, and I'm not s'posedta say bad things, but really, folks, come on. Are we serious?"

[Wellstone ruled]

3. Believe that story was

written the day Dingle Balls signed the Koch Brothers Tax Give away bill. Just the back of the envelope calculations were 1.7 trillion for the first year and a half with out any Spending Cuts.

Told my Trumper siblings,thank you for cutting our Grand Kids safety net programs. What do you mean,they still think the economy is going to grow 4-6% cause Dipstick Donnie told them so.

By January of 2021,we will be looking at a 5 trillion addition to the debt. Tax collections have been reducing each month as the economy loses Jobs and Corporations move off shore.

[FailureToCommunicate]

4. Always heartening to see this sort of story as I fill out my taxes.

Not.

[Evolve Dammit]

6. They have no clue how f'ed their families futures are. No clue and don't care. At all.