Do you think that enough revenue will be created in economic growth to combat the increase in deficit that will come from the proposed 1.5 trillion dollar tax cut.
No, if minimum wage is expected to increase.
No, not all of it.
Nope....but by the time we realize it....the richest 400 people in the US will have 80% of the wealth and full ownership of government. In other words....it will be too late to do anything about it. Enjoy dying broke & poor.
Yes. The taxes raised by onshoring the 6+trillion at the new low rate (~20) will pay it.
People said the same thing about the Bush tax cuts. Yet 10+ years later, we still have deficits and a growing debt.
$5 says 10 years from now the debt will be larger than it is today (in relative and absolute terms) despite any tax cut now.
20% isn’t going to lead to the repatriation of that much of offshore corp funds. the difference, 15% in many cases, while better than 30%, is still too high - especially considering that the $ can be invested overseas in markets where growth rates are higher with no additional tax overhead.
Econ 101. Duh. No!
It has not worked before, why would it now?
Hope springs eternal?
Donald Trump is a witch?