Read the entire Republican tax reform plan, here are my thoughts/analysis:
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5. Uses the same trickle-down economics playbook that failed during the Bush Administration.
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6. When the debt eventually explodes, Republicans will rediscover their “deficit hawk” ways and cut Medicare, Medicaid, and Social Security.
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Here’s the thing: Our tax code should be simplified. But this bill isn’t really tax reform, it’s a giveaway to the wealthy and powerful.
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This is the real issue, and most Americans will run their numbers today, see minimal difference, and go “meh.” But this is the real pain.
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Dems already broke the SS system, the money is gone, all a big IOU - be honest for a change- pin this tweet with $ of unfunded liabilities
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You stood by while Obama and majority of dems approved debt at 11% + of gdp- (2x any admin) IF this bill increases debt 150 b (1.5 t 10 yr)
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Just exactly what % of debt to 4-6 Trillion gdp will it cause. This is 1.5 tril over 10 yr, Obama and dems AVERAGE was 1.5 tril A YEAR
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https://www.washingtonpost.com/news/fact-checker/wp/2013/10/23/does-the-united-states-have-128-trillion-in-unfunded-liabilities/?utm_term=.62b7428a2f5c …. And these #’s are 4-5 yr old - please explain in a retweet
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Pretty sure cuts to those programs is a feature to them, not a bug.
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