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bcg1 | 8 years ago
Also, provisions such as repealing the individual health insurance mandate lead to an increase in other expenses, though admittedly those are not federal taxes. I work for a health insurance company, and earlier this year the company filed with the state regulators to say there might be close to a 50% hike in premiums, depending on whether or not the individual mandate was repealed. Whatever your feelings are about that politically, the increase in premiums will be real and directly related to that bill, and the money is fungible so people can't be blamed if they consider it an increase.
One more thing, a deficit funded tax cut today means a tax increase tomorrow to pay for principal+interest. People could be thinking of that when they say their taxes will go up.
saas_co_de|8 years ago
highly unlikely. they will be extended.
> a deficit funded tax cut today means a tax increase tomorrow to pay for principal+interest
no, it means the government creates more money. the deficits are never being paid back, ever. it is mathematically impossible.
perl4ever|8 years ago