On the recordMarch 12, 2024
Tax cuts simply do not pay for themselves.
Source
congress.govTax cuts simply do not pay for themselves.
Whitehouse criticizes the belief that tax cuts for the wealthy are self-financing.
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Keeping Social Security's promises to current and future generations will require that policymakers strengthen the program's revenues.
Reforming Social Security's payroll tax cap could close more than 100 percent of the long-term financing gap.
These cliffs, I think, are really hard for people that get caught by surprise by them, and they are also, it seems to me, pretty terrible just public policy.