Heard on the Hill
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.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.