Speaker of the House Paul Ryan is deserting the sinking ship known as the Republican Party. Most people haven’t figured out (yet) that the misguided Republican tax plan that he got passed last December will also probably sink the entire country.
In fact, MSNBC had a special report called “Every criticism of the Republican tax plan is proving true.”
With all the distractions going on in the Trump White House it is important that we not lose sight of the big picture of how Republican fiscal and tax policies are harming the United States, currently and in the long run.
Therefore we’ve decided to make a list of all the bad things that result from the Trump tax plan lest the American people forget just how bad it really is.
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Ultimately it is the estimated cumulative deficit over the next decade that will cause the most problems. The tax plan won’t pay for itself. Massive deficits will lead to pressure to cut back social programs. The Congressional Budget Office estimates that the federal deficit will be $1.6 trillion larger than previously projected, thanks to the misguided Republican plan.
In fact, current projects show that by the year 2028, our national debt will be nearly as large as our entire Gross Domestic Product. This is not sustainable.
We can only hope that Ryan’s retirement means that our country will also retire his right-wing ideology that is leading our country to a disaster. Our only hope is that sanity will be restored to Washington and there will be a massive Blue Wave in the 2018 midterm elections.
I am a lifelong Democrat with a passion for social justice and progressive issues. I have degrees in writing, economics and law from the University of Iowa.
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