Heritage Explains 051: How Congress Can Make Tax Cuts Permanent Without Worsening the Debt
September 20, 2018
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2:05Bruce Klingner: None of the Korean Summits So Far "Have Accomplished Much"
1:08Now PlayingHeritage Explains 051: How Congress Can Make Tax Cuts Permanent Without Worsening the Debt
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as posted by the channelThe economy is thriving under the Tax Cuts and Jobs Act. To help sustain higher economic growth with long-term benefits for all Americans, Congress should make those tax cuts permanent and pass additional pro-growth tax reforms. But those benefits would be limited … If policymakers fail to address our unsustainable mountain of debt. The problem is excessive government spending. Tax Reform 2.0 has the potential to give our economy a significant long-term boost. To realize this full potential without future tax increases, lawmakers should couple Tax Reform 2.0 with commonsense tax policies. That would get rid of detrimental subsidies and credits in the tax code and add structural spending reforms to reduce the size and scope of government.
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