Contrary to the optimistic claims by the current Trump administration, the proposed tax rate reductions will, according to economic analysts, undoubtedly result in budgetary shortfalls.
Higher budgetary deficits, and the resulting increased federal debt, will be a burden on the next administration, which likely will be Democratic, unless the Republicans again succeed in voter suppression, gerrymandering and other undemocratic tricks, domestic or foreign. The next Democratic administration will then be blamed for the Republican-generated deficit and subsequent debt increase, and even more so when it becomes necessary to raise taxes again to reduce future deficits.
In the meantime, the wealthiest beneficiaries of the tax reductions have made out nicely, -at the expense of future generations.
What a scheme for Trumpy to twitter about!
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