On Wednesday's Today show Savannah Guthrie asks Paul Ryan if the GOP's tax bill will blow a hole in the deficit, a deficit Ryan's party spent the past eight years railing against. Ryan admits that “no one knows” if we’re going to add to the deficit with this tax bill. However, the non-partisan Joint Committee on Taxation says the GOP tax bill will add $1.46 trillion to the deficit, while the conservative Tax Foundation estimated that the bill would add $1.4 trillion to the budget deficit over the next decade.
Keep your eye on the ball, this is the first step towards repealing entitlements likes Social Security and Medicare/Medicaid. When the GOP blows a hole in the deficit and wants to curb spending, while not increasing taxes, they will set their sites directly on entitlements.
Do you think a lowered tax rate for corporations will help spur enough growth to shrink the deficit? What sort of government spending would you like to see reduced or eliminated? Let us know in the comments or call the show at
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