How long will those cuts last??
They are not permanent due to Senate rules vs passing something with a simple 51% majority. No doubt the left will pray they expire and everyone will get slammed with a tax increase.
If the debt goes the way your repubs say it will they'll be no need for tax increase But our debt going down will happen when pigs fly
You people elected a guy who nearly doubled the national debt, you have zero credibility to even speak on this topic.
For you blues
Late Tuesday evening, Senate Republicans released a new version of their tax bill that makes their priorities abundantly clear. Under the newly-revised Tax Cuts and Jobs Act, individuals will lose essentially all of the benefits provided by the bill in 2026, while corporations get a massive, permanent cut. On top of that, about 13 million Americans would lose their health insurance because the bill now repeals Obamacare’s individual mandate.
The updated bill, which the Senate finance committee is expected to approve this week, cuts the corporate tax rate from 35 percent to 20 percent starting in 2019, while providing most individuals with temporary tax relief. If the individual cuts expire, a preliminary estimate from Ernie Tedeschi, a former Treasury Department economist, shows that 38 percent of taxpayers—including
50 percent of people making between $50,000 and $75,000—would pay more taxes in 2027. And that doesn’t include the fact that many Americans would be paying about
10 percent more for health care as a result of getting rid of the Obamacare mandate.