Republican Tax and Spending Bill Critique by Rep. Chip Roy
Rep. Chip Roy criticizes Republican tax and spending bill for lacking high-growth tax policy and expresses skepticism about achieving promised savings in the future.
Key Points
- Criticism of child tax credits, standard deductions, and lower marginal rates for lower-end brackets
- Skepticism about magical savings in five years
- Concern about ramping up deficits in the next few years
Pros
- Some pro-growth tax policies included in the bill.
Cons
- Lack of high-growth tax policy in the bill
- Skepticism about achieving promised savings in the future