These tax changes are expected to add around $1 – $1.5 trillion to the national debt over a 10-year horizon (roughly $100-$150 billion/year in higher deficits). This takes into account a higher GDP growth rate, which is expected to make up for about 10% of the

| February 3, 2018

These tax changes are expected to add around $1 – $1.5 trillion to the national debt over a 10-year horizon (roughly $100-$150 billion/year in higher deficits). This takes into account a higher GDP growth rate, which is expected to make up for about 10% of the lost revenue. See attached Tax Policy Center studies on macroeconomic effects of both bills.In 2,000 – 3,000 words, analyze these tax reforms using concepts developed in the second half of our Public Finance …

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