It's not really
a very big tax cut (~ $ 1.5 trillion in debt over 10 years implies a deficit of ~ $ 120 billion / yr, or ~.6 % of GDP).
Not exact matches
Trump promised
big tax cuts during his campaign, and as his platform evolved it came to look
very similar to the sort of reform that House Speaker Paul Ryan has been pushing for for years now.
So while most groups see a
tax cut in 2018, with the
biggest gains going to the rich, by 2027 the bottom 95 percent gets
very little, with the gains intensely concentrated at the top.
«Instead of
cutting jobs and offices, ministers should invest to rigorously pursue the tens of billions of pounds in
tax lost through the use of
tax havens and evasion and avoidance tactics by
big corporations and the
very wealthy.»
«I would say that we will probably start going
very,
very strongly for the
big tax cuts and
tax reform,» President Trump told reporters Friday.