Sammy3469
Footballguy
So Trump is giving this HUUUUUUUUUUUUGEEEE economic speech today and he's going to propose cutting taxes. Even his most ardent supporters at the conservative Tax Foundation is saying it'll cost 3 trillion dollars (based on their dynamic scoring, so it's probably higher than that all things considered). Now granted this is down from the 10 trillion estimate from his first proposal, but I guess deficits/debt don't matter to conservatives anymore.
http://www.bloomberg.com/politics/articles/2016-09-15/trump-to-tout-tax-plan-s-growth-benefits-amid-questions-of-costTrump last year announced a series of tax cuts -- including reducing the top corporate income tax rate to 15 percent from 35 percent -- that came with a high price tag. Washington-area policy analysts, including the conservative-leaning Tax Foundation, said the plan would cost the U.S. Treasury roughly $10 trillion in revenue over a decade. This summer, Trump’s aides took that relatively detailed tax plan off the campaign’s website while a group of economic advisers suggested ways to trim its cost.
“Originally, we were a $10 trillion cost; now with revisions and dynamic scoring, the Tax Foundation has it down to $3 trillion,” said economist Stephen Moore, one of Trump’s advisers, in an interview Wednesday.
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