GOP's decades-long tax cut fantasy needs to end [View all]

By Froma Harrop / Creators.com

First off, let’s drop the Republican claim that not extending Trump’s 2017 tax cuts is a tax increase.

Many of these tax cuts were purposely designed to expire and for a sneaky reason. Making them permanent would have hiked the bill’s cost by more than $1.5 trillion over 10 years. Add to that the interest payments tied to the higher borrowing, and the number rises to $2 trillion.

The ugly bottom line is this: Trump’s “big, beautiful” tax and spending bill is expected to tack another $3.8 trillion to budget deficits over the next decade.

Recall Elon Musk’s vow to cut $2 trillion in spending a year ago? The amount actually cut was about $100 billion. Sorry to throw more numbers at you, but that’s only 5 percent of $2 trillion.

https://www.heraldnet.com/opinion/harrop-gops-decades-long-tax-cut-fantasy-needs-to-end/