dartsndeacs
THE quintessential dwarf
Pretty sure there has been a lot more than "headlines" put here. But just to please, I'll post some below--if you click on them you can read more than the headline.
Maybe if someone holds an opinion that contrasts with multiple (and a majority of) economists...just maybe...it should be reconsidered.
The Tax Cut Consensus: Will President Trump's tax cuts really grow the economy? Unlikely, experts say.
Tall Tax Tales: The GOP tax plan will benefit the ultra-rich at the expense of middle-class and working Americans.
Most Economists Agree: Trump Tax Plan Will Widen Budget Deficit
Economists Have No Use for Republican Tax Cuts
Independent economists on why they aren't buying Trump's tax plan promise
THE SENATE TAX CUTS AND JOBS ACT (11/9/17): STATIC AND DYNAMIC EFFECTS ON THE BUDGET AND THE ECONOMY--Penn Wharton analysis.
Quote:
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Key Points
On Thursday November 9th, 2017 the Senate Committee on Finance majority released its version of the Tax Cuts and Jobs Act that changes both individual and business taxes.
Penn Wharton Budget Model (PWBM) finds that the bill lowers tax revenues by $1.4 to $1.7 trillion over 10 years, including accounting for growth effects. Debt rises by $1.9 to $2.0 trillion over the same period. Looking beyond the 10-year budget window, by 2040, revenue falls between $4.3 trillion and $5.2 trillion while debt increases by $7.0 to $7.6 trillion.
PWBM projects that GDP will be between 0.3% to 0.8% larger in 2027 relative to its value in that year with no policy change, and between -0.2% and 0.5% larger in 2040. Over the long-run, additional debt reduces the positive impact on GDP.
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Republican tax plan slams workers and job creators in favor of the rich and inherited wealth
Some IGM (expert economist) surveys:
Will US GDP will be substantially higher or lower after a decade if proposed reforms are enacted?
Will tax revenue fall? Will the tax cuts pay for themselves with growth?
Etc. ad nauseam.
Oh, I don't buy into the growth bullshit. I'm just saying alotta people are gonna get a couple hundy a month and that's cool.