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Dulcinea

(6,513 posts)
Thu Nov 30, 2017, 08:17 AM Nov 2017

A Revenue 'Trigger' Would Shoot Down Tax Cuts If Economy Doesn't Grow As Expected

Republican lawmakers are considering a federal budget "trigger" that would raise taxes if proposed tax cuts don't deliver the economic growth they have promised.

But the proposal is generating a lot of pushback from critics, especially conservatives.

The so-called trigger mechanism would be a legislative provision to rescind corporate tax cuts by as much as $350 billion if revenue targets are not met, Bloomberg News reports.

Congressional Republicans have said they expect the tax cuts to unleash a wave of economic growth, which will boost tax revenues and keep the budget deficit from increasing.

The trigger would kick in if that doesn't happen as promised.

https://www.npr.org/2017/11/29/567278766/congress-considers-a-tax-revenue-trigger-to-shoot-down-budget-deficits

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A Revenue 'Trigger' Would Shoot Down Tax Cuts If Economy Doesn't Grow As Expected (Original Post) Dulcinea Nov 2017 OP
It is a lie Iliyah Nov 2017 #1
Enough with trickle down we need to move to bubble up Fullduplexxx Nov 2017 #2
They cant wait till they get to stop cancer treatments bronxiteforever Nov 2017 #3
Read the fine print. GeorgeGist Nov 2017 #4
But the problem is that certain bunch that WANT to blow it up so they can get their greedy mitts Kashkakat v.2.0 Dec 2017 #5

bronxiteforever

(9,287 posts)
3. They cant wait till they get to stop cancer treatments
Thu Nov 30, 2017, 09:12 AM
Nov 2017

For the sick and the vulnerable. Nothing will stand in the way of their feeding their dark dark soul on the blood of Americans.

Kashkakat v.2.0

(1,752 posts)
5. But the problem is that certain bunch that WANT to blow it up so they can get their greedy mitts
Fri Dec 1, 2017, 11:31 AM
Dec 2017

on public assets and eliminate and/or privatize public services. Just look at how the austerity thing has played out in other countries around the world these past few decades. I remember reading "the Shock Doctrine" a few yrs ago and wondering if an dhow it would play out here - now I know.

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