Republican supporters of the tax cut bill are confident that economic growth will offset any expansion of the federal deficit.
Predictions of that gap range from five hundred billion, to one point five trillion dollars of added debt.
South Dakota Senator John Thune says all of that will wash out over the ten years of the tax cut……
Thune says it doesn’t take a lot of economic growth to offset the deficit…..
Thune says the economy is already responding to the changes coming from the tax bill….
The bill reduces federal taxes by one point five trillion dollars over ten years.
