GOP tax plan will explode deficit: Wharton study
Source: The Hill
The Republican tax plan expected to be released this week will explode the deficit, according to a study from the University of Pennsylvania's Wharton School released Monday.
The study, which relies on the Penn Wharton Budget Model (PWBM), found that the deficit would increase by $1 trillion to $3.5 trillion over the course of the first decade, based on differing estimates of how the final plan will look. By 2040, the plans would cost between $2 trillion and $10.6 trillion.
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The Wharton sudy estimated that the country's economy would grow between 1.3 percent and 1.5 percent over the first decade, which would average out to about 0.2 percent of extra growth each year, well below the levels suggested by the administration.
The study also contradicted White House claims that the tax plan's corporate tax cuts would largely end up in workers' pockets, estimating that labor wages would only increase 1.3 percent to 1.4 percent over a decade.
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Read more: http://thehill.com/policy/finance/economy/357831-gop-tax-plan-will-explode-deficit-wharton-study
Not what Trump wants to hear from his alma mater...
= new reply since forum marked as read
Congress, especially the Republican members of Congress, are going to have a lot to think about in the near future. Risking the wrath of voters by giving the wealthy more tax cuts at this time is going to weigh on their minds.
Mueller got everyone's attention today, and they're going to keep paying attention all through this indictment process, and that means all through this tax cut process as well. These indictments couldn't have come at a better time. I believe Trump's Attorneys will advise him to keep a low profile for a while, and his customary tweets and daily diatribes are going to have to take a back seat to common sense, for once!
I could be wrong though. Trump might go full-tilt-bozo and have a stroke. 
They'll all be dead by 2040. Whoever dies with the most toys - WINS!
(In honor of Halloween)
