The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Monday, May 18, 2020

The tax cut vs virus relief

That budget busting deficit killing GOP tax cut for the rich was projected to cost the government $ 1 T in revenues over ten years.

Democratic media howled and whined about how damaging that was to the economy, the government, to crucial government activities and programs, etc.

So far, if I have not misunderstood, virus relief will cost $ 3 T this year and the current bill before congress - endorsed by Democrats and opposed by Republicans - would cost another $ 3 T.

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