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GOP leader concedes tax cuts may not pay for themselves as 2019 deficit grows
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m***@hotmail.com
2019-06-12 18:31:33 UTC
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https://www.washingtonpost.com/business/2019/06/11/gop-leader-concedes-tax-cuts-may-not-pay-themselves-deficit-grows/
Rep. Kevin Brady (R-Tex.), a lead architect of the GOP tax bill, suggested
Tuesday the tax cuts may not fully pay for themselves, contradicting a
promise Republicans made repeatedly while pushing the law in late 2017.
Pressed about what portion of the tax cuts were fully paid for, Brady said
it was “hard to know."
“We will know in year 8, 9 or 10 what revenues it brought in to the
government over time. So it’s way too early to tell,” said Brady at the
Peterson Foundation’s annual Fiscal Summit in Washington D.C.
The federal government’s deficit typically shrinks during strong economic
times, but the deficit is up nearly 40 percent so far this fiscal year,
according to the latest Congressional Budget Office report released Friday.
"The $1.5 trillion tax cut passed by Congress and signed into law by Trump last December [before Oct. 22, 2018].

Republicans and the administration have said the cuts would pay for themselves over time through economic growth. The Treasury Department said last week [before Oct. 22, 2018] that the federal budget deficit reached $779 billion in fiscal year 2018, up from $666 billion in 2017."
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Just Before Midterm Elections, Trump Claims He'll Propose Cutting Middle Class Taxes 10 Percent
ABC News - October 23, 2018
-- https://abcnews.go.com/Politics/midterm-elections-trump-claims-hell-propose-cutting-middle/story?id=58670975
Klaus Schadenfreude
2019-06-12 19:43:13 UTC
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Post by m***@hotmail.com
https://www.washingtonpost.com/business/2019/06/11/gop-leader-concedes-tax-cuts-may-not-pay-themselves-deficit-grows/
Rep. Kevin Brady (R-Tex.), a lead architect of the GOP tax bill, suggested
Tuesday the tax cuts may not fully pay for themselves, contradicting a
promise Republicans made repeatedly while pushing the law in late 2017.
Pressed about what portion of the tax cuts were fully paid for, Brady said
it was “hard to know."
“We will know in year 8, 9 or 10 what revenues it brought in to the
government over time. So it’s way too early to tell,” said Brady at the
Peterson Foundation’s annual Fiscal Summit in Washington D.C.
The federal government’s deficit typically shrinks during strong economic
times, but the deficit is up nearly 40 percent so far this fiscal year,
according to the latest Congressional Budget Office report released Friday.
"The $1.5 trillion tax cut passed by Congress and signed into law by Trump last December [before Oct. 22, 2018].
Republicans and the administration have said the cuts would pay for themselves over time through economic growth. The Treasury Department said last week [before Oct. 22, 2018] that the federal budget deficit reached $779 billion in fiscal year 2018, up from $666 billion in 2017."
================================================
Just Before Midterm Elections, Trump Claims He'll Propose Cutting Middle Class Taxes 10 Percent
ABC News - October 23, 2018
-- https://abcnews.go.com/Politics/midterm-elections-trump-claims-hell-propose-cutting-middle/story?id=58670975
Republicans- "Cut Taxes"
Democrats - Increase Taxes"

When will these assholes understand that they need to decrease
spending?

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