Ways and Means Republicans Counter Deficit Claims

In a statement issued today, Republicans in the House Ways and Means Committee challenged assertions that tax cuts from the 2017 Tax Cuts and Jobs Act (TCJA) are accelerating the federal deficit. Their press release, which you can access here, presents views on two key discussion points: (1) the argument that excessive spending contributes more to the imbalance than tax rate reductions, especially since tax revenue is increasing; and (2) the role that the TCJA proceeds are playing in spurring the economy.


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