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Title : Koch Brothers Memo: Ignore The Deficit Explosion
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Koch Brothers Memo: Ignore The Deficit Explosion

The Intercept has obtained an internal Koch brothers memo in addition to reports: 

The Intercept obtained a messaging memo from the Koch brothers’ network on how to sell taxation reform legislation. The memo went
out to members of the network of likeminded Republican donors, which includes dozens of wealthy investors in addition to concern executives.

The talking points propose that backers of the taxation cuts experience vulnerable to the accuse that the taxation cuts volition jack upwards the deficit.

“In illustration it is helpful to yous inwards your ain discussions amongst lawmakers in addition to others,” the memo begins, “below is a listing of talking points that address unopen to of the telephone commutation hurdles to passing taxation reform this year.”

The memo goes on to encourage lawmakers to avoid becoming distracted past times deficit concerns when passing the GOP taxation reform packet (emphasis added):

“Avoid getting distracted on revenue neutrality; economical growth increases revenues. Some Republican Senators accept expressed concern over supporting comprehensive taxation reform that adds to short-term deficits. Though nosotros fully appreciate those concerns, the long-term economical growth that would number from the outset comprehensive taxation reform inwards a generation would assistance to offset short-term deficits over time. That was the number of the Kennedy in addition to Reagan taxation reforms—there’s no argue this fourth dimension volition live on whatever different.”

The electrical current taxation cutting conception nether negotiation would damage equally much as $2 trillion over the next 10 years.

The messaging document claims that whatever shortfall created past times the taxation packet volition live on filled past times taxation revenue generated past times economical growth sparked past times the reduction inwards rates.

Bottom work the Koch brothers are promoting sum out supply-sider nonsense.

I discussed this bog regime scam here: Laughing at the Laffer Curve: The Trump Tax Reform Con.

  -RW

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