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joecavalry

Do you believe that the GOP’s Tax Reform would Increase the deficit?

joecavalry

No, I don’t believe that the GOP’s Tax Reform would Increase the United States’s deficit.

The corporate tax rate may be cut from about 35% to 20% which may be permanent. This can bring businesses back on-shore (United States) due to the competitive and great tax rate. 

For people, the tax rate may also be cut. This can help people save more money or invest money into the US economy possibly.

Medic

Yes. This is established by the nonpartisan joint committee on taxation. Tax cuts do not pay for themselves - this is also proven.

sources:
https://www.jct.gov/publications.html?func=startdown&id=5034
http://www.nber.org/papers/w21035
http://www.nber.org/papers/w20753
http://www.nber.org/papers/w1443

joecavalry

The tax cuts would pay for themselves. The corporate tax would be dropped from about 35-40 percent to 20%. This may cause businesses and corporations to come back to the US. That could help grow the economy and pay for the tax bill. Tax payers can also help pay for the tax bill through them investing in the economy and the US.

Medic

tax cuts arg is pre-refuted and also factored in to the estimation by the jct and nber

joecavalry

The tax reform would cut taxes for all or most classes and cut taxes for corporation. This may grow the economy and pay for the tax reform.

Medic

>The tax reform would cut taxes for all or most classes and cut taxes for corporation.

It equates to a tax raise on the middle.

>This may grow the economy

*will

>and pay for the tax reform.

no, it won't. did you even read my source