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RE: Hey Steemit Economists: Trump Tax Plan is More Failed Trickle Down Economics
Because the bill is specifically written that way. The rates are lower for x number of years and then they jump right back up. That is how the bill is written. Really a simple concept. It lowers taxes temporarily then takes it all back with higher rates down the road after this president is out of office.
I dont really see that in the bill though
See my post above. The reason the cuts are temporary is because Democrats are politicizing the process. If only a few Democrats voted with the Republicans, the cuts would have been permanent. It really is that simple.