Mike Bloomberg: Tax Bill Economics

Posted by admin on Monday, December 18, 2017

Mike Bloomberg Money Quote saying the republican tax bill makes all current economic problems worse and does not help the country. Mike Bloomberg said:

Tax bill does nothing to address most pressing economic challenges. Makes each of them worse Quote

“The tax bill does nothing to address our most pressing economic challenges like wage stagnation, inequality, rising deficits and crumbling infrastructure. In fact, it makes each of them worse” — Mike Bloomberg


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Mike Bloomberg is criticizing the tax bill that was passed. He argues that it fails to address important economic issues facing the country like stagnating wages, growing inequality between the wealthy and others, rising budget deficits, and deteriorating infrastructure. Bloomberg goes on to say that rather than helping these problems, the tax bill will actually make each one worse.

By pointing these out, he appears to believe the tax bill was a missed opportunity to enact policies that could have stimulated broader-based economic growth and improved social conditions for many Americans.


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