Comments by "RagaSHOT" (@RagaSHOT) on "Sen. McConnell: Dems want to ‘tax us into recession’" video.

  1. On point. Trump's giant tax handout to his rich elitist friends caused this problem
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  2. less in revenues," MacGuineas said. "And what we've been doing at the same time is we've been increasing spending. And no surprise, our deficit has exploded." The federal deficit this year was $984 billion — an extraordinary figure at a time when the country is not mired in recession or widespread war. The tax cut also failed to produce a permanent boost in economic growth, despite promises from Republican supporters. "After eight straight years of slow growth and underperformance, America is ready to take off," Senate Majority Leader Mitch McConnell said when the tax cut passed two years ago. In fact, the economy grew 2.9% last year — exactly the same as in 2015. The tax cut, along with increased government spending, did give a short-term lift to the economy and businesses temporarily boosted investment. But the rocket fuel burned off quickly. Business investment declined in the last two quarters.
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