America,
Lots and lots of articles on the tax cut and its affects.. but we must have seen most of them in past threads.
I will put up one link to a good but dated article..
More concerning to me is the "starve the beast" strategy which has been used a number of times and never seems that people see the long view and the goal of reduced funding..
In the latest case, trump wants to remove the payroll tax which provides for SS and Medicare.. now I believe changed to a delay of payment..
In the first case, we would have to see a reduction is service or benefits without funding for any period of time.
Int the second case, we perhaps would not see reductions, but we would have a problem with a large tax bill, a one lump sum due the following year..
Both prospects are daunting.. Americans should not see either option as any kind of solution to a problem which is not quit upon us yet..
Funding for both is sufficient for a few more years, but it does have to be addressed.. reduced funding by any tactic is only intended to make the problem greater.. with the intent of eventual removal..
As the increased Medicare service with no additional funding will also be a near future problem..
for now as to the tax law, we still have Republicans saying it had an affect, while dems say no.. we can each make up our own mind if we wish..
https://www.brookings.edu/policy2020/votervital/did-the-2017-tax-cut-the-tax-cuts-and-jobs-act-pay-for-itself/The right question: What would revenues have been without the TCJA?
The most appropriate test of the revenue impact of the TCJA is to compare actual revenues in FY2018 with predicted revenues in FY2018 assuming Congress had not passed the legislation. In fact, the actual amount of revenue collected in FY2018 was significantly lower than the Congressional Budget Office’s (CBO) projection of FY2018 revenue made in January 2017—before the tax cuts were signed into law in December 2017. The shortfall was $275 billion, or 7.6% of revenues that were expected before the tax cuts took place. Given that the economy grew, and in the absence of another policy that could have caused a large revenue loss, the data imply that the TCJA substantially reduced revenues (Figure
America, br br Lots and lots of articles on the t... (