How will Trump justify his tax cuts?

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How will Trump justify his tax cuts?

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How will Trump justify his tax cuts?#14792262

By TheLateHarambe - 31 Mar 2017 22:59

- 31 Mar 2017 22:59 #14792262

The US just broke its debt ceiling, and Trump is promising to increase military and infrastructure spending to crazy levels. How could he possibly justify tax cuts?!

Re: How will Trump justify his tax cuts?#14792284

By Zagadka - 31 Mar 2017 23:48

- 31 Mar 2017 23:48 #14792284

Well, he cut PBS, that was like 0.01% of the budget.

The theory he is operating off of the assumption that less government oversight and more free trade and investment will bring a larger economy and take care of things on its own. Somehow. Not sure how it translates having the government pay off its debt.

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Re: How will Trump justify his tax cuts?#14792313

By JohnRawls - 01 Apr 2017 02:10

- 01 Apr 2017 02:10 #14792313

It works. The point is to run a debt but for economic increase to outpace the debt growth of sorts. Economic growth will bring more taxes and inflation will help with the debt service which will be payed off over time. It can work but it can also fails if the world economy runs in to a global recession/downturn. (In no way it is 100% certain to work or not)

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Re: How will Trump justify his tax cuts?#14792339

By MistyTiger - 01 Apr 2017 03:46

- 01 Apr 2017 03:46 #14792339

He justifies his tax cuts the same way he justifies anything he does, by claiming that he is keeping America safe.

The cuts are not likely to affect him. Ohhh wait, he has cut the Coast Guard budget so there will be fewer of them to keep his Florida estate safe. Awwww, how nice for him!