Tyler Evilsizer: Putting the Trump Tax Cuts Will Pay For Themselves Myth To Bed
Tyler Evilsizer is deputy policy director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for The Hill, an excerpt of which is below:
We can put to bed the myth that the tax cuts are paying for themselves.
The theory, at least, was that the tax cuts would massively accelerate economic growth. In reality, the tax bill's deficits were an irresponsible economic experiment that poured stimulus into an already strong economy.
The cuts did offer a little bit of juice for this year's growth rate and may strengthen the economy modestly for a few years. But ultimately, the additional debt they create will slow future growth rates and leave our debt on an even more unsustainable path.
Read the entire piece here.
"My Views" are works published by members or staff of the Committee for a Responsible Federal Budget, but they do not necessarily reflect the views of all members or staff of the Committee.