New Non-Partisan Report Reveals That The GOP Tax Bill Is A Total Fraud

According to the non-partisan Joint Committee On Taxation report, the Republican tax cut bill wouldn’t pay for itself but would blow a $1 trillion hole in the deficit.

Don't Miss Sarah Jones's Essay On Kristi Noem Titled Predatory Is The Point On The Daily.

The Wall Street Journal summed it up, “The bill, which includes $1.4 trillion in net tax cuts over a decade, would make up for just $458 billion of that, or less than one-third of its cost, through economic growth, the analysis said. The bill also would increase federal interest costs by about $51 billion over a decade. That means the net cost of the bill would be about $1 trillion over a decade, the report said.”

That’s bad, but what’s worse is who will be paying for it:

If you earn $30,000-$50,000 a year, you’re going to be paying for tax cuts for millionaires, billionaires, and corporations.

Also, the tax cuts aren’t going to bring magic economic growth:

This bill is a total fraud. It is a crime against the working people of the country, and if it can’t be defeated, it must be remembered next November.

Jason Easley

Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.

Awards and  Professional Memberships

Member of the Society of Professional Journalists and The American Political Science Association