Remember when we warned that a large tax cut that disproportionately favors the richest Americans during peacetime with low unemployment that would lead to trillion dollar deficits was a bad idea? This is why: it undercuts the much-needed use of fiscal stimulus during a crisis.

Remember when we warned that a large tax cut that disproportionately favors the richest Americans during peacetime with low unemployment that would lead to trillion dollar deficits was a bad idea? This is why: it undercuts the much-needed use of fiscal stimulus during a crisis.

— Brian Klaas (@brianklaas) March 9, 2020