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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