21 Nov 2020
Week 8 | Discussion
“Exploring Tax Cuts, Jobs, and CBO in the News”
There has been discussion about whether the Tax Cuts and Jobs Act actually reduces deficits and what will happen to U.S. debt. What do you think?
Watch this video: U.S. Deficit to Surpass $1 Trillion Two Years Ahead of Estimates, CBO Says
The video cites the Congressional Budget Office (CBO).
Discuss these questions in your post:
- Visit the CBO website and confirm that the reporting is accurate. Was the reporting accurate? Why or why not?
- Do you think the Tax Cuts and Jobs Act will reduce our deficits? Explain your answer.
Discuss with your peers:
- Reply to a peer’s response. Did they share the same reasoning about the Tax Cuts and Jobs Act as you did?