Birdwatch Note Rating
2023-05-17 15:09:10 UTC - HELPFUL
Rated by Participant: D6DC438E9A9A81C2D3790D448806CE700291FD8F437A5D69E97B18ACFE9EA66E
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