Reality check: Independent budget experts see that as laughable.
The Joint Committee on Taxation projects the House reconciliation bill would increase deficits by $3.8 trillion through 2034.
The Penn Wharton Budget Model projects deficits of almost $3.3 trillion, even when accounting for "positive economic dynamics."
Moody's, which downgraded the U.S. credit rating on Friday, estimates that extending Trump's 2017 tax cuts alone — a central component of the bill — would add $4 trillion to the deficit over the next decade.
What they're saying: "This tax bill's enormity is being underplayed ... [It] will cost more than the 2017 tax cuts, the pandemic CARES Act, Biden's stimulus, and the Inflation Reduction Act combined," Jessica Riedl, a budget specialist at the conservative Manhattan Institute, told Yahoo Finance.
TICKING TIME BOMB.......TRUMP'S TAX CUT FOR THE WEALTHY,WILL TAKE "U" OUT.....REALITY CHECK, INSTEAD OF BULLSHIT....DO U REALLY BELIEVE THE CZAR HAS YOUR BEST INTEREST AT HEART????? THE PARTY IS DIVIDED AND TRUMP IS PISSED HE CAN'T
PUSH HIS AGENDA THRU, WITH JUST A''GET IT DONE'', I COMMAND U.........WAIT AND WATCH...WHO WINS??? THE CZAR OR COMMON SENSE.
Okay HA . . . name me one, just one, 10 year projection which proved to be accurate over the course of the last 50 years. Know why that is? Because a lot of assumptions regarding growth of the economy, growth of real wages, interest rates, tax receipts, and an endless list of other variables has to be made in order to derive a prediction of future events.
Come to think of it, it's a lot like the predictions you've made about Trump losing the election, Trump being in prison, an impending recession, rise of inflation, and a whole host of other predictions have turned out not to be true . . .
YET.......AGAIN AND AGAIN I STATE THE UNIVERSE HAS IT'S OWN TIMING,IT IS NOT LIKE A ROLEX WATCH. APPARENTLY U MISSED MY POST ON O J SIMPSON AND NICOLLE AND RON'S MURDER......
AAfter avoiding a life sentence, Simpson did later find himself in prison but on charges including criminal conspiracy, kidnapping, assault, robbery, and using a deadly weapon. In September 2007, Simpson attacked two men in a Las Vegas hotel room to claim back sports memorabilia he believed to have been stolen from his home in 1995.
This time Simpson did not escape prison time, being sentenced to 33 years with a nine-year minimum on Oct. 3, 2008. His sentence was made on the same day he was acquitted of murder 13 years before. Simpson only ended up serving the minimum term
13 YEARS FOR A RETRIBUTION.....ALTHO IT WAS NOT WHAT THE GOLDMAN'S OR RON'S PARENTS HAD ASSUMED WOULD HAPPEN, IT, NONE THE LESS ,BALANCED THE KARMA AND TIME WAS NEEDED TO PUT IN PLACE THE EXACT FACTORS THAT WOULD ACCOMPLISH THAT....
TIME.....IT IS NOT YOUR ROLEX, IT IS UNIVERSAL LAW.
OF COURSE, THERE IS ALWAYS FREE WILL, THE CHOICES R PRESENTED TO U,WHAT U CHOOSE TO DO WITH THEM IS HOW YOUR 'LIFE LESSON' WILL UNFOLD.....OJ COULD HAVE ELECTED TO LEGALLY PURSUE THE PEOPLE WHO ACQUIRED HIS "PRIZED REPUTATION", NO...HE ELECTED TO STRONG ARM AND TOOK THE ILLEGAL PATH.....THE UNIVERSE THEN PRESENTED HIM WITH A LIFE LESSON......HARM ANOTHER,U WILL IN TURN, HARM YOURSELF....
THE TIMING WAS NOT COINCIDENTAL, IT WAS KARMIC. THE WORD KARMA IS SANSKRIT FOR ''TO DO OR MAKE''...IT IS ENERGY IN ACTION....EVERYTHING WE DO OR MAKE PROVIDES A OPPORTUNITY FOR GROWTH.