“There are legitimate reasons to run deficits […] Borrowing trillions of dollars to provide a huge windfall for people at the top is not one of those reasons.”Thursday, April 27th, 2017
The New York Times: President Trump’s Laughable Plan to Cut His Own Taxes”.
“As to the rationale offered up by Mr. Mnuchin and Mr. Cohn, even many conservative economists believe that the argument that tax cuts will pay for themselves, by increasing investment and creating jobs, is the same supply-side fantasy that has repeatedly been proved wrong. This durable nonsense would instead add mightily to a federal debt that Americans will be paying off for generations to come.
Regardless of the plan’s fate, Mr. Trump has already sent a strong message about where his sympathies really lie. They lie not with the working people who elected him, but with the plutocracy that envelops him.”