General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSarah Huckabee Sanders today ...
"Trump's tax cuts will lower the deficit."
How does bringing in less money,
by lowering taxes,
while spending more,
lower the deficit?
If I earn less,
and spend more,
my debt will surely go up.
angrychair
(8,733 posts)The key to being a republican millionaire is to max out your credit cards and zero out your checking and savings accounts and quit whatever job you have and get a part-time job at Burger King and just sit back and watch the millions roll in!
(I mean you will be living large and eating like a king on food stamps and unemployment alone!!!)
BigmanPigman
(51,626 posts)After hearing her give the same non-answer 3 sentences in a row I changed channels as I normally do.
Her explanations are "as clear as mud", as my mom says.
left-of-center2012
(34,195 posts)Trump said he would hire the best minds.
BigmanPigman
(51,626 posts)he kept that promise anyway.
BSdetect
(8,999 posts)Wounded Bear
(58,698 posts)If that is true, have you asked Don to reduce your salary?
zipplewrath
(16,646 posts)The usual explanation is that they produce increased economic activity which generates more tax income. It's never actually worked out that way. They usually point to the Reagan tax cuts, but they ignore that he ALSO deficit spent heavily, and that was what caused the increase in economic activity. (Gee, stimulus works, what a concept!)
The economic growth would have to grow and stay at somewhere near 3.2% which would be almost unheard of, and create serious inflation pressures.