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CousinIT

(9,245 posts)
Thu Nov 30, 2017, 10:29 AM Nov 2017

Latest on the tax bill: Hatch says it will likely include a fiscal trigger . . .

"Fiscal trigger": if corporations take their tax cuts & don't invest in the USA with new jobs and investments, then taxes on the middle classes will "trigger" to cover the shortfall. The deficit and therefore the debt would balloon if taxes aren't increased.

https://www.bloomberg.com/news/articles/2017-11-29/hurdles-remain-in-gathering-50-senate-votes-tax-debate-update

IN OTHER WORDS, if "trickle down" doesn't trickle down (and it WON'T because it never does), then taxes on the MIDDLE CLASS will be raised to cover the deficit.

So we're all FUCKED. TWICE.

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Latest on the tax bill: Hatch says it will likely include a fiscal trigger . . . (Original Post) CousinIT Nov 2017 OP
That means they will raise more taxes on the middle class and the poor Iliyah Nov 2017 #1
The squeeze is on... 2naSalit Nov 2017 #2
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