Trump's Tax Plan Would Add $5.3 Trillion To National Debt

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Gourmet said:

JWeinCom said:

Tax Foundation is generally regarded as a non-partisan group.  If anything, they typically skew to the right, favoring businesses.  

Besides, no matter the source, this is pure common sense.  Trump is proposing massive tax cuts, but has proposed no major spending cuts.  Obviously, that's going to add a lot to the debt.  Basic  math.

Whooops it looked so click-baity I didnt bother checking if there was a source stated. It's The Committee for a Responsible Federal Budget, dunno who they are though.

 

Also the fourth paragraph "When Trump introduced his economic plan last week, he vowed that his tax cuts would be paid for partly by triggering record economic growth. The committee was skeptical and presumed these steps would generate no new growth."

How does that even make sense? No growth from tax reducing? We're expected to believe the money will go under someone's bed? This article IS click-bait.

It's been shown in several studies that tax cuts don't grow the economy. 

http://www.businessinsider.com/study-tax-cuts-dont-lead-to-growth-2012-9

Rich people just take those tax cuts and hoarde the money for themselves, they don't "trickle it down" to the average peons, the whole point is to keep as much for yourself as possible and push it into off-shore tax havens.

Trump and others have parroted this line of tax cuts spurs the economy for the "middle class", if that was true the middle class of today should be much more prosperous than say the 1960s when taxes on higher income brackets were far higher. But that is not the obvious reality.