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Will Tax Reform Increase The Deficit?
in United States
Debra AI Prediction
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Debate Type: Traditional Debate
Voting Format: Casual Voting
Opponent:
Rounds: 3
Time Per Round: 48 Hours Per Round
Voting Period: 24 Hours
Forfeited
Arguments
Arguments Comments
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.
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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
Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole. By stimulating industry, by regarding ingenuity, and by using most efficaciously the peculiar powers bestowed by nature, it distributes labour most effectively and most economically.
- David Ricardo
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Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole. By stimulating industry, by regarding ingenuity, and by using most efficaciously the peculiar powers bestowed by nature, it distributes labour most effectively and most economically.
- David Ricardo
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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
Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole. By stimulating industry, by regarding ingenuity, and by using most efficaciously the peculiar powers bestowed by nature, it distributes labour most effectively and most economically.
- David Ricardo
  Considerate: 89%  
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  Relevant (Beta): 33%  
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