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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMcConnell: Tax bill won't add to nation's debt woes
LOUISVILLE, Ky. Fresh off his biggest legislative victory of the Trump era, Senate Majority Leader Mitch McConnell on Saturday disputed projections that the Senate's tax bill would add to the nation's debt woes.
Back home in Kentucky just hours after the Senate narrowly pushed through the nearly $1.5 trillion tax bill, McConnell predicted that the boldest rewrite of the nation's tax system in decades would generate more than enough economic growth to prevent the burgeoning deficits being forecast.
"I not only don't think it will increase the deficit, I think it will be beyond revenue neutral," he told reporters. "In other words, I think it will produce more than enough to fill that gap."
Over the next decade, Republicans' tax plan is projected to add at least $1 trillion to the national debt. That would be on top of an additional $10 trillion in deficits over the same period already being forecast by the Congressional Budget Office.
https://www.msn.com/en-us/news/politics/mcconnell-tax-bill-wont-add-to-nations-debt-woes/ar-BBG3nN3?li=BBnb7Kz&ocid=edgsp
Turbineguy
(37,368 posts)in light of the other woes, it will hardly matter.
Va Lefty
(6,252 posts)Thor_MN
(11,843 posts)Hey Turtle, why don't you post a bond, forfeit if your prediction does not come true? I'll put up 10% of my annual income against 10% of your's.
JDC
(10,133 posts)SamKnause
(13,110 posts)I feel.
I don't give a flying fuck what you think, or feel.
Back it up with facts.
You can't !!!!!!!!!!
You are a LIAR !!!!
You know you are lying !!!!!!!!!!
Supply Side Economics or Trickle Down is a SCAM.
The facts, data, and history back up my statement.
The very large majority of economists back up my statement.
Fuck you and your feelings and thinking.
You are a scam artist, a con man.
You should be in prison for the rest of your life.
You are no patriot.
You are no representative of the people.
You are a crook, plain and simple.