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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: tonto who wrote (205058)12/22/2017 5:24:04 PM
From: Kenneth E. Phillipps   of 224751
 
The current bill is projected to cut federal tax revenue by roughly 1 percent of the GDP per year overall -- the 18th largest tax cut enacted since 1918 as a percentage of the GDP, according to the Committee for a Responsible Federal Budget, an independent bipartisan public policy organization. In inflation-adjusted dollars, the legislation’s estimated $1.5 trillion price tag is the fourth largest in recent history. The tax cut signed into law by President Ronald Reagan in 1981 was the largest since 1918 -- reducing federal revenues by 2.9 percent of GDP, according to the Treasury Department.
abcnews.go.com
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