Thread by @SenatorKolker

Most of my posts are focused on local and State of Colorado issues, since I am running for State Senate. However, I just came across this information from an article off Bloomberg.com @business

The highlights of the article about Trump's corporate tax cuts?
"The federal government will have to borrow an added $1 trillion through 2027 to pay for the corporate tax breaks."

because the breaks are not creating more revenue and economic expansion as explained here:

"real test of their effectiveness is whether lower rates encourage companies to invest more in things like factories, equipment and innovation. Such investment would both boost growth immediately and increase the economy’s productive capacity in the longer term...

The relevant measure private fixed nonresidential investment accelerated a bit in the first half of 2018, but has since slowed significantly. In the first three months of 2019, it was up an annualized 2.7 percent,well short of the 5.3 percent average for the current expansion."

WELL SHORT OF THE AVERAGE FOR THE CURRENT EXPANSION STARTED WHEN? During the Obama Presidency, June of 2009 to be exact.
Or the last 7 of the 8 yrs he was president...

So when people question how are we going to pay for student loan forgiveness, or expanding health care coverage, or programs to save our planet, respond,
"How the hell are we going to pay for the extra $1 trillion we need to borrow for the corporate tax breaks passed in 2017!"

"or the $102 million spent on Trump's golf trips"

Just my 2 cents or my $3,030.03 (approx cost to each person in U.S.) for that debt. #NationalDebt for the rest of us.

Read it for yourself here.
bloomberg.com/opinion/articl…

@business @threadreaderapp can you unroll this for me please?