07-09-2017, 10:29 PM
(07-09-2017, 09:22 PM)Belsnickel Wrote: I don't see this plan going far in Congress. The increase to the debt is going to be very hard to justify, though I could be wrong, we've been deficit spending for decades and other than some grumblings there hasn't been any serious political push to correct it.
I haven't looked, so not sure how much this will really increase the deficit, since it looks to be a sizeable increase in taxes on the middle class (where the money is). When the CBO scores these things, they always overestimate revenues from increases and vice versa on decreases - it will add to the deficit, probably significantly, but probably not nearly as much as being predicted.
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