Tornado Alley (PROG)

[fuagf]

Excerpt from yours - "What Happens If the Cuts Become Permanent

The tax cuts will expire for individuals in 2025. They remain permanent for corporations. In all likelihood, Congress will make the individual cuts permanent when the time comes.

Treasury’s latest analysis includes this scenario. In that case, the tax cuts would cost $2.3 trillion instead of $1.5 trillion over the next 10 years. A Politico report .. https://www.politico.com/story/2018/02/28/tax-cuts-trump-gop-analysis-430781 .. found that all additional revenue from increased growth would go toward paying for the cuts. The cost is too high for the tax cuts to pay for themselves. Instead, the deficit and debt would continue to grow.

This increase to the debt means that formerly budget-conscious Republicans have done an about-face.

The party fought hard to pass sequestration. In 2011, some members even threatened to default on the debt rather than add to it. Now they say that the tax cuts would boost the economy so much that the additional revenues would offset the tax cuts."

https://www.thebalance.com/cost-of-trump-tax-cuts-4586645