Official report: Tax cuts won’t pay for themselves

Congressional Republicans have long argued without evidence that tax cuts for the rich and for corporations will pay for themselves.  Now they have to hope you will ignore their own experts, who have officially said no, they won’t pay for themselves.

The congressional Joint Committee on Taxation said Wednesday afternoon that the Senate tax bill would add $1 trillion to federal budget deficits over the next decade, even after accounting for additional economic growth, a major blow to Republicans’ contention that the $1.5 trillion tax cuts in the bill will pay for themselves through growth.

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