The GOP tax plan and the federal debt … why does it matter?
The GOP tax plan and the federal debt … why does it matter?
The tax cuts the Senate approved in the wee hours of Saturday morning are expected to add at least $1 trillion to the federal deficit over the next decade. That’s according to the Senate’s own Joint Committee on Taxation. And that’s after taking into account a boost to economic growth generated by tax cuts. So what does that mean, exactly, for the economy? And why is it so hard to get people to care?
Click the audio player above to hear the full story.
Stories You Might Like
News and information you need, from a source you trust.
In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.
This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.
Stand up for independent news—become a Marketplace Investor today with a donation in any amount.
