Robert Reich

Remember: One of the biggest reasons the federal debt has exploded is that tax cuts for corporations and wealthier Americans have reduced government revenue.

If Republicans actually cared about controlling the debt, theyโ€™d repeal the Trump tax cuts or pass taxes on the rich.

Apr 27, 2023 at 4:33pmWeb
Show threadRobert ReichApr 27, 2023
https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/
Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio

Without the Bush and Trump tax cuts, debt as a percentage of the economy would be declining permanently.

Center for American Progress
Show threadJohn FrancisApr 27, 2023
@rbreich same here in Canada, but different names.
Show threadScottinSoCal ๐Ÿ‡บ๐Ÿ‡ฆ ๐Ÿ•Š ๐Ÿณโ€๐ŸŒˆApr 27, 2023

@rbreich

"repeal the Trump tax cuts or pass taxes on the rich"

Show thread๐‘ซ๐’‚๐’—๐’†๐‘ฎ. ๐Ÿ‡บ๐Ÿ‡ธApr 27, 2023
@rbreich Without Democrats like Joe Manchin and Kyrsten Sinema that repeal could have happened already.
Show threadTheresa LamMay 29, 2023
@YouGiveMeFever @rbreich Sinema is no longer a democrat, she is an independent
Show thread๐‘ซ๐’‚๐’—๐’†๐‘ฎ. ๐Ÿ‡บ๐Ÿ‡ธMay 29, 2023
@therlam @rbreich Yes, but she was a Democrat at the time she helped obstruct Joe Biden's agenda.
Show threadTheresa LamMay 29, 2023
@YouGiveMeFever @rbreich yeah sheโ€™s a huge thorn
Show threadBc Clarity Carlton-MartinApr 27, 2023
@rbreich Actually their donors like how they are pointing the ship right at the reef.
Show threadJoeChipApr 28, 2023

@rbreich

@soc_i_ety

Mr Reich, while your statement is true on its face, please reconsider the wisdom of playing into deficit hysteria. This is a strategy that ultimately helps only the Republicans.