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Politics : The Trump Presidency
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To: zzpat who wrote (68186)4/24/2018 1:11:04 PM
From: TimF  Read Replies (1) of 358726
 
You know the corporate tax cut is creating $1.9 trillion of new debt right?

No we don't know any such thing.

$1.9 tril was the estimate for the tax cut bill, not for the corporate tax cut in isolation. In the short run the corporate tax cut could increase federal revenue as more coporate income becomes subject to the tax rather than hiding overseas. In the long run taxing productivity activity less produces growth. But being conservative and just going with a static estimate of the lost revenue doesn't get you to $1.9tril over a decade.
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