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LetMyPeopleVote

(182,160 posts)

4. Boyle: If tax cuts paid for themselves, our national debt would not be $36 trillion.

Reply to LetMyPeopleVote (Original post)

Tue Jul 1, 2025, 06:32 PM

Jul 2025

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Boyle: If tax cuts paid for themselves, our national debt would not be $36 trillion.

The bulk of the added debt since 2001 has actually come from four different rounds of major tax cuts. 2001, 2003, their extension about a decade later and then the 2017 TCJA, all told that combines for more than $10 trillion in missing revenue that would've been there had we just kept in place tax rates as they were.

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