All throughout the process of moving the Tax Cuts and Jobs Act (TCJA) through Congress, detractors of the reform law admonished supporters for the effect it would have on the debt.
One year later, that narrative has not changed — but it’s also not why American debt has been increasing. Irresponsible tax-and-spending policies are to blame for the federal fiscal situation, and the TCJA’s long-term effect on that situation is minimal.
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