TheLaughingStock
Member
I see why some people are lobbying for this bill not to go through because the bill would harm the poor and the biggest beneficiaries are big businesses.
However, as far as costs, a bill that is estimated to cost $500 billion -$1.7 trillion dollars over the next 10 years isn't a lot. The US economy is putting out $18.57 trillion as of 2016. Therefore, the cost burden of this bill on the US economy will be tiny by the time it fully goes into effect.
Additionally, from 2006-2016 the US ran a deficit of 8.1 trillion and debt held by the public increased nearly 200%. Look at the economy now. It's pretty good under Pres. Trump just like it was pretty good towards the tail end of Pres. Obama's 2nd term.
If people don't want to spend this money giving tax breaks to job creators, then what do you want to do to kick the economy into high gear?
However, as far as costs, a bill that is estimated to cost $500 billion -$1.7 trillion dollars over the next 10 years isn't a lot. The US economy is putting out $18.57 trillion as of 2016. Therefore, the cost burden of this bill on the US economy will be tiny by the time it fully goes into effect.
Additionally, from 2006-2016 the US ran a deficit of 8.1 trillion and debt held by the public increased nearly 200%. Look at the economy now. It's pretty good under Pres. Trump just like it was pretty good towards the tail end of Pres. Obama's 2nd term.
If people don't want to spend this money giving tax breaks to job creators, then what do you want to do to kick the economy into high gear?