A key GOP lawmaker just reversed on the promise that Trump’s tax cuts will pay for themselves
|06/12/2019||Posted by BusinessMediaguide.Com under General World News||
- When Republican lawmakers passed $1.5 trillion tax cuts in 2017, they promised they would pay for themselves.
- But a year and a half later, a key GOP congressman who helped craft the sweeping legislation has walked back that claim.
- The remarks were a departure from a central assertion Republican lawmakers have made since the early days of the legislation: that the tax cuts would lift the economy enough that revenue from growth would make up for the loss in tax receipts.
When Republican lawmakers passed $1.5 trillion tax cuts in 2017, they promised the package would pay for itself. But a year and read more >>>