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<blockquote data-quote="bacha29" data-source="post: 3659480" data-attributes="member: 58386"><p>The cold facts as set forth by the US Treasury speak for themselves. Economic growth is NOT offsetting the tax cuts. Revenues are lagging behind last year. Treasury has made it clear that it will have to increase borrowing. As a result people at the bottom whose tax cut was minimal will see it more than offset by higher interest rates and retaliatory tariffs which will make everything they buy more expensive. </p><p>So why are the Trumpeters so surprised at this news when this outcome was made as plain as day by the Treasury and CBO ahead of the vote on the bill? </p><p>Simple . It was a Donald Trump political stunt. </p><p>Oh sure ....."cut spending " some of you will no doubt holler. Yes we could do that but since many are key services that are mandated by law they'll simply be passed down to the states...... and they'll have to either raise state taxes or pass it down to the local municipalities...... and they'll have to raise taxes.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3659480, member: 58386"] The cold facts as set forth by the US Treasury speak for themselves. Economic growth is NOT offsetting the tax cuts. Revenues are lagging behind last year. Treasury has made it clear that it will have to increase borrowing. As a result people at the bottom whose tax cut was minimal will see it more than offset by higher interest rates and retaliatory tariffs which will make everything they buy more expensive. So why are the Trumpeters so surprised at this news when this outcome was made as plain as day by the Treasury and CBO ahead of the vote on the bill? Simple . It was a Donald Trump political stunt. Oh sure ....."cut spending " some of you will no doubt holler. Yes we could do that but since many are key services that are mandated by law they'll simply be passed down to the states...... and they'll have to either raise state taxes or pass it down to the local municipalities...... and they'll have to raise taxes. [/QUOTE]
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