How can this be? I've been assured by "deficit hawks" this bill will blow a hole in the deficit, and that it's a good thing Susan Collins wants to kill it because it might cut spending.
Taxes are not high enough, or so I've been told.
WOW! I don’t know who these “deficit hawks†are who are providing you this “assuranceâ€, but personally, I think anyone who truly “assured†you that “this bill will blow a hole in the deficit†probably doesn’t have a basic understanding of the dynamics of economics and the various variables that can affect the economy. I think this is particularly true when you’re looking at a long-term horizon. Although I personally think this tax reform bill is likely to increase the debt, I just don’t think anyone can “assure†us it will increase the debt or decrease the debt for that matter. There’s just no way to tell with “assurance†IMO.
Also not sure who is telling you taxes aren't high enough, but I think we clearly over-tax, over-spend, and over-borrow (as I think most folks around here at TBR think also).