Some people consider admission of an error, or merely of a pov they hadn’t
Considered, to be a sign of weakness or something. That’s the only explanation for your intransigence on this topic. Recognizing an error and correcting course is a sign of strength Hooda.
Boca showed you a clear, simple analysis showing the loss in revenue due to the tax cuts. No matter how much you deny it, it’s a very basic economic concept - opportunity cost. That is the loss of revenue by choosing one alternative over another. The opportunity cost of the tax cut to the treasury was $800 billion to date - and thus that’s how much more was added to the national debt vs not implementing the tax cut. It’s not a lie. It’s Econ 101.
The amount added to the national debt during the Trump years was $8 trillion. It would have been roughly 10% less without the tax cut.
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In response to this post by Hoodafan)
Posted: 10/16/2021 at 1:09PM