Wow, are you really that uninformed? The tax bill Senate Republicans
are championing would give large tax cuts to the rich while raising
taxes on American families earning $10,000 to $75,000 over the next
decade, according to a report released Thursday by the Joint Committee
on Taxation,
False: Tax bill will cut taxes on 70% of the middle class. Families earning 10,000 to 40,000 will pay little to no taxes. 130 non-partisan economists agree.
Congress’s official nonpartisan analysts. The GOP’s tax
bill would add $1.7 trillion to the national debt over the course of a
decade, and increase the country’s debt-to-GDP ratio by 5.9 percentage
points, according to the Congressional Budget Office.
This is also false. The CBO has never accurately predicted anything. Secondly, the CBO does not factor in growth as a result of the tax cuts. It is a fact that tax cuts produce growth, that is why New Yorks ad campaign to businesses outside that state, promise reduced taxes, proving OF COURSE, that tax cuts are a component of economic growth.
CBO also found
that the nation’s debt-to-GDP ration, or debt burden, would rise to 97.1
percent of gross domestic product by 2027, 5.9 points higher than the
current projection of 91.2 percent.
Under Reagan, a similar tax cutting plan resulted in a GDP of 8%, so lest's stop pretending that such plans do not have history on their side.
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