Republicans' major tax cuts for corporations and the rich are overwhelmingly the drivers of current issues over the national debt, which the GOP is using as an excuse to force through cuts to welfare and government spending that are not contributing nearly as much to the debt, a new report reveals.
Over the past two decades, increases in the U.S.'s debt ratio, or the proportion of the national debt to the economy, have largely been driven by major tax overhauls done by Republicans under Presidents George W. Bush and Donald Trump, according to an analysis from the liberal Center for American Progress (CAP).
