Tax Policy Center: Rates cuts will create 5.7 trillion additional hole in deficit over ten years. (To counter, Ryan thinks this will be closed by telling a committee to close undefined loopholes).
Class Warfare/Wealth Redistribution Effects:
Without unspecified loophole cuts:
Poorest: $60 tax cut
Middle 20%: $1,961 tax cut
1%: $227,420 tax cut
0.1%: $1,200,000 tax cut
You can say all you want about the Dems, but this is a ret@rdedly suicidal budget. We're supposed to pass legislation that will create almost 6 trillion in additional new debt over 6 years....and trust congress to avoid that by "closing loopholes"? Congress can't even tie its own shoes!
And "uncertainty" is supposed to be a problem for businesses? What the flaming F do you think this creates? Cotton candy?