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left-of-center2012

(34,195 posts)
Sun Oct 1, 2017, 10:16 AM Oct 2017

Raw Story: 'Fox Sunday' attacks Trump tax cuts

Chris Wallace stomps Mulvaney for lying about tax cuts: ‘There is no evidence they pay for themselves’

Fox News host Chris Wallace on Sunday challenged White House budget director Mick Mulvaney about his controversial claim that President Donald Trump’s proposed tax cuts will pay for themselves through economic growth.

Wallace pointed to a Tax Policy Center report that found that the richest 1 percent would receive an average of $129,000 in savings from Trump’s tax reform proposal while the middle class would see a cut of just $660.
“That doesn’t seem fair,” Wallace noted.

“I thought the whole point was the wealthy weren’t going to get a tax cut at all,” Wallace shot back.

“It was,” Mulvaney admitted.

“The Reagan tax cut back in 1981 added $208 billion to the deficit,” the Fox News host said. “The Bush tax cuts in 2001 and 2003 added $1.5 trillion to the debt over 10 years.”

https://www.rawstory.com/2017/10/chris-wallace-stomps-mulvaney-for-lying-about-tax-cuts-there-is-no-evidence-they-pay-for-themselves/

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Raw Story: 'Fox Sunday' attacks Trump tax cuts (Original Post) left-of-center2012 Oct 2017 OP
Wait. Let me get this straight. Wallace told the truth? DK504 Oct 2017 #1

DK504

(3,847 posts)
1. Wait. Let me get this straight. Wallace told the truth?
Sun Oct 1, 2017, 11:04 AM
Oct 2017

That $660 won't do shit for the economy.

Between Reagan, Poppi Bush, and W and W's wars along with the corporate welfare we allow will never get us back in the black.

Between the National Debt and trade deficit we have to change the way ever thing and flip the script or the workers that actually make this country run will be run into the ground. The 1% couldn't give a shit.

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