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Will Tax Reform Increase The Deficit?

Debate Information

Position: Against
Do you believe that the GOP’s Tax Reform would Increase the deficit?
natbaronsaarongnorthsouthkorea
  1. Live Poll

    ?

    10 votes
    1. Yes
      80.00%
    2. No
      20.00%
DebateIslander and a DebateIsland.com lover. 



Debra AI Prediction

For
Predicted To Win
56%
Likely
44%
Unlikely

Details +


For:

52% (15 Points)


Against:

48% (14 Points)



Votes: 2


Debate Type: Traditional Debate



Voting Format: Casual Voting

Opponent: Medic

Rounds: 3

Time Per Round: 48 Hours Per Round


Voting Period: 24 Hours


Round 1

Round 2

Round 3

Voting



Post Argument Now Debate Details +



    Arguments


  • Round 1 | Position: Against
    joecavalryjoecavalry 430 Pts   -  
    No, I don’t believe that the GOP’s Tax Reform would Increase the United States’s deficit.

    The corporate tax rate may be cut from about 35% to 20% which may be permanent. This can bring businesses back on-shore (United States) due to the competitive and great tax rate. 

    For people, the tax rate may also be cut. This can help people save more money or invest money into the US economy possibly.
    natbarons
    DebateIslander and a DebateIsland.com lover. 
  • Round 1 | Position: For
    MedicMedic 178 Pts   -  
    Yes. This is established by the nonpartisan joint committee on taxation. Tax cuts do not pay for themselves - this is also proven.

    sources:
    https://www.jct.gov/publications.html?func=startdown&id=5034
    http://www.nber.org/papers/w21035
    http://www.nber.org/papers/w20753
    http://www.nber.org/papers/w1443
    DrCerealnatbaronsPogue

    Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole. By stimulating industry, by regarding ingenuity, and by using most efficaciously the peculiar powers bestowed by nature, it distributes labour most effectively and most economically.


    - David Ricardo

  • Round 2 | Position: Against
    joecavalryjoecavalry 430 Pts   -  
    The tax cuts would pay for themselves. The corporate tax would be dropped from about 35-40 percent to 20%. This may cause businesses and corporations to come back to the US. That could help grow the economy and pay for the tax bill. Tax payers can also help pay for the tax bill through them investing in the economy and the US.
    DebateIslander and a DebateIsland.com lover. 
  • Round 2 | Position: For
    MedicMedic 178 Pts   -  
    tax cuts arg is pre-refuted and also factored in to the estimation by the jct and nber

    Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole. By stimulating industry, by regarding ingenuity, and by using most efficaciously the peculiar powers bestowed by nature, it distributes labour most effectively and most economically.


    - David Ricardo

  • Round 3 | Position: Against
    joecavalryjoecavalry 430 Pts   -  
    The tax reform would cut taxes for all or most classes and cut taxes for corporation. This may grow the economy and pay for the tax reform.
    DebateIslander and a DebateIsland.com lover. 
  • Round 3 | Position: For
    MedicMedic 178 Pts   -  
    >The tax reform would cut taxes for all or most classes and cut taxes for corporation.

    It equates to a tax raise on the middle.

    >This may grow the economy

    *will

    >and pay for the tax reform.

    no, it won't. did you even read my source

    Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole. By stimulating industry, by regarding ingenuity, and by using most efficaciously the peculiar powers bestowed by nature, it distributes labour most effectively and most economically.


    - David Ricardo

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