Shadows
YaBB God
Posts: 4,956
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« on: April 11, 2017, 04:27:06 AM » |
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It obviously was never going to be the 10T odd 10 year tax cuts which would have blown up the debt. The cuts will be decent but nowhere near as much & they have to eliminate quite a few deductions & loopholes to balance atleast most of the revenue loss, if not all.
And the deductions & loopholes should go in a way such that most of it doesn't go from the middle class who are getting a small tax cut anyways because that will be pretty unpopular & will Dems a way. So some hard decisions have to be taken.
Tax reform will take time. During Bush days, he inherited a deficit & his tax cuts were much smaller. It will be something on thise lines but will be harder to implement because of the deficit now!
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