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by pjc50
439 days ago
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Current budget appears to be (via https://taxfoundation.org/research/all/federal/trump-tax-cut... ) > $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. |
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