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To: Sacajaweau
This package will add 1.4 tril over a period of 10 years.

In addition to the already expected deficits, which are running north of $600 billion.

I don't know any other way to read it.

Then read it. The term that the CBO and others use is "it will add $1.40 trillion to the deficit..." The deficit, not the debt. Nobody I am aware of is expecting the budget to be balanced next year if this tax bill doesn't pass. Or expect the deficit to be only $140 billion if it does.

Senate tax reform bill would add $1.4 trillion to deficits, economic analysis isn't available yet: CBO

56 posted on 11/29/2017 1:20:58 PM PST by DoodleDawg
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To: DoodleDawg

Except tax cuts stimulate the economy and the net effect is to increase revenue. But you know that.


70 posted on 11/29/2017 2:27:26 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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