Open letter from 137 Economists on Tax Reform Bill MERGED (Seattle, senator, worker)

[nononsenseguy]

This is B.S. The tax cut won't "grow the deficit," because it will increase revenue, just as in the Reagan tax cut, which doubled revenue to the Federal government.

[T-310]

Originally Posted by Taratova

If one has a brain , and I have always done my own taxes for my businesses it is easy to figure out. The tax deduction will double for singles and married etc. The personal deduction will disappear . People on the lower income bracket will get a tax decrease. They will keep more money in their paycheck giving them more buying power to boost the economy. Middle class will get a lower tax bracket so they will be paying less money.

Not hard to understand at all.

It is hard for liberals to understand.

[Enigma777]

Originally Posted by Boss

It will be fun to watch when people finally see they were lied to.

Yes, unfortunately it will be, though it will not be fun for those who are against this reform but will also be be hurt by it.

But for those heartland true believers--it will be quite the wake-up call.

And of course it will be loads of fun watching corporations spread all those new profits around to the workers.

The only good part of this is that it will really help the Dems in the midterms.

[armourereric]

My home will be paid off by then.

[FirebirdCamaro1220]

Originally Posted by nononsenseguy

This is B.S. The tax cut won't "grow the deficit," because it will increase revenue, just as in the Reagan tax cut, which doubled revenue to the Federal government.

Why did the Gipper add 68% to the debt during his time in office then?

[nononsenseguy]

Originally Posted by G1..

.....thanks to trump and the GOP.Are you happy ?

Yes or No.

Taxes are NOT going up! Quit spreading the Democrat propaganda!

[reed067]

Originally Posted by skins_fan82

Even though the gap between the 1% and the 99% is greater than it's ever been in the history of this country.....

Uninformed Trump supporters actually believe that a tax break for the rich will trickle down to Middle America....

It didn't work with G.W.B but for some reason Trumps bill will.

[Wapasha]

Originally Posted by Elliott_CA

https://twitter.com/latimes/status/936294162219008000

We knew it all along. It was really FISHY when Repubs, who have been complaining about deficits and the debt for many years, now suddenly turn tail and support a big tax cut that will drive up the debt by at least $1.5 Trillion.

The big plan is to cut taxes, grow the deficit, and then use it as an excuse to slash Social Security and Medicare.

Sorry Trump supporters -- you thought you were draining the swamp. Instead you got played.

Show me the Medicare and SS cuts in this tax bill.

[OnOurWayHome]

Originally Posted by nononsenseguy

This is B.S. The tax cut won't "grow the deficit," because it will increase revenue, just as in the Reagan tax cut, which doubled revenue to the Federal government.

Only if growth increases to a point that everyone agrees is not realistic. Did you follow the news today?

Even with growth, the Senate tax bill still adds $1 trillion to deficits - Nov. 30, 2017

[FirebirdCamaro1220]

Originally Posted by Wapasha

Show me the Medicare and SS cuts in this tax bill.

Reading comprehension would help you.

In the OP, it is mentioned that the R's know that this will increase the deficit, so at a later date, they will balance the budget by SS&Medicare cuts