By Herman Cain —— Bio and Archives--December 3, 2017
Members of Congress who oppose the tax cut are using the national debt as an excuse for their stubbornness. They cite analysis from the Congressional Budget Office that claims the tax cut will add $1.4 trillion to the debt over a decade.
Bullfeathers.
The CBO is almost always wrong in its analyses because it uses static analysis that gives no consideration to how economic activty might change as a result of the lowered tax rates. Whatever happens to the deficit and the debt over the course of the next 10 years will not be determined by the movement in tax rates.The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
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