Birdwatch Note Rating
2023-05-18 14:11:49 UTC - SOMEWHAT_HELPFUL
Rated by Participant: D6C50D1493F5B70846517D0E24F9ED734B1DA22FEC7E43CE29AE95F0F56757A7
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