Democrats think they have the GOP’s big plan all figured out. First, Republicans pass a big, fat tax cut that worsens budget deficits. Then, expressing alarm about worsening budget deficits, Republicans try to slash entitlements. Fiendishly clever, yes?
“This is a nasty two-step strategy that has long been the Holy Grail for hard-right Republicans,” Senate Minority Leader Chuck Schumer (D-N.Y.) told The New York Times .
It isn’t crazy conjecture. If made law, the new Senate Republican tax bill could boost the national debt to nearly the size of the entire U.S. economy by 2027, with levels heading even higher if […]
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