Posted by Crazy Horse on December 21, 2017 at 07:56:32 from (75.159.240.214):
I know this is O/T but here goes, not like I'm breaking the law right? Reading a newspaper article up here (Canada) this AM about the tax cuts south of the border that were just approved. Some things about what I read leave me scratching my head.
So tax cuts totaling $1.5 trillion USD with corporate rates dropping from 35% to 21% (that must be a pretty generic statement for % drops). Smaller cuts for middle and low-income families. And supposedly leaving middle-class and working Americans behind. The term "middle" shows up in both sentences that I read. Sounds like the middle is benefiting and being left behind at the same time?
Here's my question ....... with all of these tax cuts, there is no mention of: 1) Cuts to public spending or service or 2) An increase in the public debt happening.
It would be nice if all of this could happen in a positive way at the same time but from what little knowledge I have of public finance, it doesn't seem possible does it?
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