Tax cuts created current budget mess
Last updated 2/21/2018 at 4:42pm
When conservative members of Congress worked with the White House to force through a tax cut that was a huge windfall for millionaires and billionaires, many observed how this would inflate the Federal deficit. After decades of presenting themselves as the “deficit hawk” party, and warning of the danger of our national debt and of government spending, how did the Republicans come to be the party that explodes the deficit?
The Republican tax plan takes $1.5 trillion in revenues out of the budget, and no serious economic analysis believes that this will create such explosive economic grow...