Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Yo_Mama_Been_Loggin

(108,212 posts)
Sat Dec 2, 2017, 09:25 PM Dec 2017

McConnell: 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
6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
McConnell: Tax bill won't add to nation's debt woes (Original Post) Yo_Mama_Been_Loggin Dec 2017 OP
It will, but Turbineguy Dec 2017 #1
Damn, it will be a great day when that SOB is no longer on the planet Va Lefty Dec 2017 #2
GOP tax cuts have never performed like predicted by the GOP. Thor_MN Dec 2017 #3
Fucking liar. Will be the first to blame Dems when it does JDC Dec 2017 #4
I think. SamKnause Dec 2017 #5
Fart noises. Solly Mack Dec 2017 #6
 

Thor_MN

(11,843 posts)
3. GOP tax cuts have never performed like predicted by the GOP.
Sat Dec 2, 2017, 09:49 PM
Dec 2017

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.

SamKnause

(13,110 posts)
5. I think.
Sun Dec 3, 2017, 04:45 AM
Dec 2017

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.

Latest Discussions»General Discussion»McConnell: Tax bill won't...