Reply to Do you think Trump's tax proposal will pass?

Forum Index » Political Discussion

Reply to "Do you think Trump's tax proposal will pass?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Here's the flip side of the argument....an open letter from 137 economists, praising what the bill will do for the economy and describing the competitive advantage we have lost over previous administrations' unwillingness to bring about tax reform (for the past 30 years):

I'm actually surprised CNBC was willing to print this.

https://www.cnbc.com/2017/11/29/137-economists-support-gop-tax-reform-bill-in-open-letter-commentary.html[/quote]

The economists signing that letter--at least the recognizable ones, of whom there are very few, most are from third-tier universities--are not from "across the ideological spectrum" but rather identified as conservatives.

You could also consider,the Urban-Brookings Tax Policy Center recently concluded that the House bill would end up lifting the country’s gross domestic product by just 0.3 percent in 2027. The University of Pennsylvania’s Penn Wharton Budget Model is slightly more optimistic, but not by much: It expects the House bill to increase G.D.P. by 0.4 percent to 0.9 percent cumulatively after 10 years and pegs the Senate bill’s impact at 0.3 percent to 0.8 percent.
These estimates are a far cry from Mr. Trump’s prediction that economic growth could rise a full percentage point a year, or more than 10 percent over a decade.

All for the bargain price of 1.5 trillion in lost tax revenues that our children will have to repay.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics