Rutgers-Camden Expert: Republican Tax Plan is Nothing More than Government-Authorized Public Loan

House Republicans unveiled a new tax plan on Nov. 2, touting the proposal as a tax break for most Americans.

Hayes says that he frames the proposed tax cut as a “public loan” because the plan would allow the federal government to borrow at least $1.5 trillion over 10 years to fund the forgone revenue as a result of the tax cut.

But not so fast, says Rutgers–Camden researcher Michael Hayes, who calls it nothing more than a government-authorized public loan, which all Americans will be forced to pay back.

In the following Q & A, the assistant professor …read more

Source: Rutgers Today

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