JM Rieger @RiegerReport Video Editor, The Washington Post • [email protected] Jun. 11, 2019 1 min read

KEVIN BRADY says Republican tax law of 2017 is not fully paid for:

“We will know in year 8, 9 or 10 what revenues it brought in … I don’t think anything could have been worse for the deficit than to stick with the old economy and stick with the tax code that was so outdated”

Reminder:

The U.S. posted its biggest monthly budget deficit on record in February, spending $234 billion more than it took in.

That’s a 46 percent larger deficit than the government saw in the *entirety* of 2007.

 https://www.washingtonpost.com/politics/2019/03/22/with-corporate-tax-receipts-sagging-federal-deficit-hits-monthly-high/?utm_term=.0f9948e25375 

The federal government’s budget deficit in May rose to a record $207.8 billion, 41.5% higher than a year ago.

Through the first 8 months of this budget year, the budget deficit totals $738.6 billion, an increase of 38.8% over the same period last year.

 https://www.washingtonpost.com/politics/may-budget-deficit-hits-record-2078-billion/2019/06/12/66fcb3b6-8d3c-11e9-b6f4-033356502dce_story.html?utm_term=.1dc4cb17618a 

CAVUTO: Do you regret that tax bill vote [because the pay-go] was removed]?

PAUL: No, b/c I voted for a tax bill w/ the pay-go

CAVUTO: Knowing that they took that out after, do you regret that vote?

PAUL: No. I regret that 91 of my colleagues voted to take pay-go out


You can follow @RiegerReport.



Bookmark

____
Tip: mention @threader_app on a Twitter thread with the keyword “compile” to get a link to it.

Enjoy Threader? Become member.