Gibson Letter: Tax bill

“Idaho’s Republican U.S. senators are betting their reputations … on the hope that tax cuts will trigger growth over the next decade and offset projections of at least $1 trillion in lost federal revenue.” (Idaho Statesman, Dec. 1). No. Crapo and Risch are not betting their reputations, they are betting the future health and well-being of Idaho’s poor, elderly and middle-income people. Apparently they think they know more about economics than the nonpartisan Congressional Budget Office and the Joint Committee on Taxation, which have estimated the tax bill will increase the deficit by $1.4 trillion and $1 trillion, respectively. What Crapo and Risch are not telling you is that, when their rosy projections don’t come true, the deficit will have to be covered by cuts to Medicare, Medicaid, Social Security, children’s health and other safety net programs. These will be mandatory cuts due to the budget agreements already passed by Congress. So, this tax bill really is the most massive redistribution of wealth in our history, taking from the poor and giving to the rich. They would be ashamed if they had the decency to feel shame.

Patrick Gibson, Garden City

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