Quote:
Originally Posted by Rajoo
-$1.5T from the Middle Class  tax cuts.
Perhaps the Covid bailout funds would have been better managed considering both '08 TARP and '18 CARES act was grossly mismanaged (large amounts of money simply disappeared). |
What was the impact on the economy of these tax cuts as to the deficit? Certainly not $1.5T given the economic stimulus generating more tax revenue. Could have been a deficit reduction that was buried in the overall deficit increase.
Perhaps things might have been mismanaged more under a Clinton administration, maybe not. What proof is there regarding these missing billions? A GAO report would be a nice reference point.
