BobbyLayne
Footballguy
It's most likely going to shift to a consumption tax vice an income tax, so that returned buying power to Americans will most likely make it's way back to the government via other methods.He'd only be correct if we didn't have 31T in debt already. His comment is the political version of "girl math"Yes assuming it goes to people spending and not coffers or stock buybacksThat's 4.5 trillion of American buying power.Problem is they're also planning a $4.5 trillion tax cut.
So it won't do much to the deficit.
Did you mean to use 'vice' there?
Consumption Tax legislation has been introduced every congressional session since 1999. The latest, a 23% Fair Tax (national sales tax), was in 2023.
I think possibly would be a better descriptor than most likely.
