GOP's decades-long tax cut fantasy needs to end

[Yo_Mama_Been_Loggin]

By Froma Harrop / Creators.com

First off, let’s drop the Republican claim that not extending Trump’s 2017 tax cuts is a tax increase.

Many of these tax cuts were purposely designed to expire and for a sneaky reason. Making them permanent would have hiked the bill’s cost by more than $1.5 trillion over 10 years. Add to that the interest payments tied to the higher borrowing, and the number rises to $2 trillion.

The ugly bottom line is this: Trump’s “big, beautiful” tax and spending bill is expected to tack another $3.8 trillion to budget deficits over the next decade.

Recall Elon Musk’s vow to cut $2 trillion in spending a year ago? The amount actually cut was about $100 billion. Sorry to throw more numbers at you, but that’s only 5 percent of $2 trillion.

https://www.heraldnet.com/opinion/harrop-gops-decades-long-tax-cut-fantasy-needs-to-end/

[doc03]

1. It is just insane to have a tax cut when you have a $37 trillion debt. It may make sense

Last edited Tue May 27, 2025, 07:09 PM - Edit history (1)

if we were in a recession to stimulate the economy. At this time it will only drive up interest rates
and inflation. Four years from now when Democrats inherit another recession the Republican's be crying
about the debt.

[LymphocyteLover]

2. Absolutely -- but that's the GOP. Totally insane.