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by cpursley
438 days ago
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I don't totally trust this DOGE crew and think we should keep a hawks eye on them but the whole "they are cutting waste so they can funnel the money to themselves!" conspiracy theories making the rounds are pretty bizarre... And to what end, aren't many of these people already extremely wealthy? I sure hope I'm wrong. |
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> $5.3 trillion in deficit-financed tax cuts (the combination of $3.8 trillion of tax cuts assumed to be “costless” under a current policy baseline plus $1.5 trillion in additional deficits permitted), deficit increases of $521 billion on defense and immigration spending, a minimum of $4 billion in spending cuts, and an increase in the debt limit of up to $5 trillion.
So savings plus new borrowing will be funded to tax cuts, which will likely prioritize those already on higher incomes, and corporations.