8/16/2017

Tax Reform - Tax Cuts


There has been much discussion of tax cuts and tax reform. Reform is needed, but not a reduction in revenues. The US national debt has increased substantially and is projected to continue to grow.

In 2016 our combined total gross national debt was $18.96 trillion or about 104% of the previous 12 months of GDP. This is a very high figure for us. We need to start balancing our budgets and reduce our debt level to GDP. You can't do that with big tax cuts.


https://en.wikipedia.org/wiki/National_debt_of_the_United_States


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