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Political Discussion
Reply to "Debt and budget question "
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[quote=Anonymous]The budget bill includes spending cuts and also tax cuts, which are mostly or entirely an extension of the previous tax cuts. And they are saying that in its current form, the budget bill will increase the debt by $4-5T. There's some math included where the tax cuts are considered to reduce the debt by spurring growth, not sure how that fits in the calculation. If they kept the same budget, with either current spending levels or with spending cuts (may not be possible via reconciliation), but let the tax cuts expire, would that have an effect of $4-5T? While that would not pay down the debt entirely, it seems like it would help. Is this math correct? [/quote]
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