Birdwatch Note Rating
2023-05-18 02:04:46 UTC - HELPFUL
Rated by Participant: D6812EA4228A9E430D229298A8D9A26A1DD095A0EEA21186EC7608E746A7D3D4
Participant Details
Original Note:
Biden is correct that tax cuts have a cost, but are offset by making businesses competitive globally by dropping corp taxrate from 35% to 21%. https://taxfoundation.org/benefits-of-a-corporate-tax-cut/ TCJA explained: https://taxfoundation.org/cbo-long-term-budget-outlook/#:~:text=The%20CBO%20expects%20that%20even,percent%20of%20GDP%20by%202052 CBO projects problems with the rate that Congress spends money, so cuts are needed to protect the country. https://www.cbo.gov/publication/57971
All Note Details