--- title: "Meaning & Key Takeaway of: The 2017 Tax Cuts and Jobs Act was an…" description: "\"The 2017 Tax Cuts and Jobs Act was an irresponsible sugar rush that blew a hole in the deficit and came at a time when Congress should have been encour..." image: "https://sms4smile.com/quotes/i/fac/dean-phillips-5902_deficit_the-2017-tax-cuts-and-jobs-act-was-an-ir_2602160.jpg" --- # The 2017 Tax Cuts and Jobs Act was an irresponsible sugar… ![“The 2017 Tax Cuts and Jobs Act was an irresponsible sugar rush that blew a hole in the deficit and came at a time when Congress should have been encouraging real, fair, and long-lasting prosperity.” quote by Dean Phillips](https://sms4smile.com/quotes/i/fac/dean-phillips-5902_deficit_the-2017-tax-cuts-and-jobs-act-was-an-ir_2602160.jpg) [Download](https://sms4smile.com/quotes/i/fac/dean-phillips-5902_deficit_the-2017-tax-cuts-and-jobs-act-was-an-ir_2602160.jpg) [Open image](https://sms4smile.com/quotes/i/fac/dean-phillips-5902_deficit_the-2017-tax-cuts-and-jobs-act-was-an-ir_2602160.jpg) > “The 2017 Tax Cuts and Jobs Act was an irresponsible sugar rush that blew a hole in the deficit and came at a time when Congress should have been encouraging real, fair, and long-lasting prosperity.” [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The tax reform dramatically increased deficit spending without delivering lasting economic fairness or prosperity. **In simple terms:** Tax cuts raised debt and lacked lasting fairness. Key Takeaway Demand fiscal responsibility and equitable growth. Themes economics policy deficit fairness prosperity Mood critical concerned Type political analytical When to use this quote - budget planning - policy analysis - public debate Key Concepts fiscal stimulus tax policy budgetary impact Questions to Reflect On - How can tax policy balance growth with fairness? - What safeguards prevent deficit spikes? A Different Perspective Short-term cuts may worsen long-term debt. ★ ★ ★ ★ ★ No ratings yet [Prosperity](https://sms4smile.com/quotes/about/prosperity/) [Tax](https://sms4smile.com/quotes/about/tax/) [Tax cuts](https://sms4smile.com/quotes/about/tax-cuts/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [Obama did inherit a deficit when he came into office. Why this fact justifies racking up vastly more debt and bigger deficits is a…](https://sms4smile.com/quotes/jonah-goldberg/obama-did-inherit-a-deficit-when-he-came-into-office-why-this-fact/) [Jonah Goldberg](https://sms4smile.com/quotes/author/jonah-goldberg/) > [The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The…](https://sms4smile.com/quotes/john-w-snow/the-deficit-the-u-s-knows-our-deficit-is-too-large-we-are-committed/) [John W. Snow](https://sms4smile.com/quotes/author/john-w-snow/) > [We certainly could have voted on making the middle-class tax cuts and tax cuts for working families permanent had the Republicans not insisted that…](https://sms4smile.com/quotes/debbie-wasserman-schultz/we-certainly-could-have-voted-on-making-the-middle-class-tax-cuts-and/) [Debbie Wasserman Schultz](https://sms4smile.com/quotes/author/debbie-wasserman-schultz/) > [When Republicans used reconciliation in 2001 for the Bush tax cuts, they used it to increase the deficit. The whole purpose of reconciliation is…](https://sms4smile.com/quotes/kent-conrad/when-republicans-used-reconciliation-in-2001-for-the-bush-tax-cuts/) [Kent Conrad](https://sms4smile.com/quotes/author/kent-conrad/) > [I need that sugar rush to charm your fricken pants off.](https://sms4smile.com/quotes/jenna-marbles/i-need-that-sugar-rush-to-charm-your-fricken-pants-off/) [Jenna Marbles](https://sms4smile.com/quotes/author/jenna-marbles/) > [“You’ve always been stone solid until now, like Joe Friday with no Y chromosome. Now you’re Nancy Drew on a sugar rush.”](https://sms4smile.com/quotes/dean-koontz/you-ve-always-been-stone-solid-until-now-like-joe-friday-with-no-y/) [Dean Koontz](https://sms4smile.com/quotes/author/dean-koontz/) > [The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a…](https://sms4smile.com/quotes/timothy-geithner/the-world-is-likely-to-view-any-temporary-extension-of-the-income-tax/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [It has been obvious all along, to anyone paying attention, that the politicians shouting loudest about deficits are actually using deficit hysteria as a…](https://sms4smile.com/quotes/paul-krugman/it-has-been-obvious-all-along-to-anyone-paying-attention-that-the/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of…](https://sms4smile.com/quotes/john-f-kennedy/our-practical-choice-is-not-between-a-tax-cut-deficit-and-a-budgetary/) [John F. Kennedy](https://sms4smile.com/quotes/author/john-f-kennedy/) > [Even if Bush could be forgiven for taking America, and much of the rest of the world, to war on false pretenses, and for…](https://sms4smile.com/quotes/joseph-stiglitz/even-if-bush-could-be-forgiven-for-taking-america-and-much-of-the/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Health care is still the number-one issue out there. Someone who seizes it, I think, will do very well in an election. Let's face…](https://sms4smile.com/quotes/russ-feingold/health-care-is-still-the-number-one-issue-out-there-someone-who/) [Russ Feingold](https://sms4smile.com/quotes/author/russ-feingold/) > [If you're really concerned about deficits, you cannot take seriously a budget that would give $30 billion a year worth of tax cuts to…](https://sms4smile.com/quotes/barack-obama/if-you-re-really-concerned-about-deficits-you-cannot-take-seriously-a/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Barack Obama's life was so much simpler in 2009. Back then, he had refined the cold act of blaming others for the bad economy…](https://sms4smile.com/quotes/john-sununu/barack-obama-s-life-was-so-much-simpler-in-2009-back-then-he-had/) [John Sununu](https://sms4smile.com/quotes/author/john-sununu/) > [Looking at the high cost of occupation in Iraq and the needs we have in this country, would it not have been better to…](https://sms4smile.com/quotes/anonymous/looking-at-the-high-cost-of-occupation-in-iraq-and-the-needs-we-have/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector…](https://sms4smile.com/quotes/sarah-palin/to-reduce-deficit-spending-and-our-enormous-debt-you-reign-in/) [Sarah Palin](https://sms4smile.com/quotes/author/sarah-palin/) ## More by Dean Phillips > [Ranked Choice Voting is simple, empowers voters, and rewards candidates who broaden support beyond their base.](https://sms4smile.com/quotes/dean-phillips/ranked-choice-voting-is-simple-empowers-voters-and-rewards-candidates/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [Trust is earned, and as long as special interests can continue to buy influence with PAC money we're going to continue losing the faith…](https://sms4smile.com/quotes/dean-phillips/trust-is-earned-and-as-long-as-special-interests-can-continue-to-buy/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [I have spent my career helping to build and grow businesses, and if I've learned one thing, it's that being pro-business and pro-consumer are…](https://sms4smile.com/quotes/dean-phillips/i-have-spent-my-career-helping-to-build-and-grow-businesses-and-if-i/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [In Minnesota, we have already enshrined the protections included in the Equality Act, and it has made our state stronger.](https://sms4smile.com/quotes/dean-phillips/in-minnesota-we-have-already-enshrined-the-protections-included-in/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [Same day voter registration is just common sense and a proven way to increase voter participation.](https://sms4smile.com/quotes/dean-phillips/same-day-voter-registration-is-just-common-sense-and-a-proven-way-to/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [As Minnesotans, we value education and preparing the next generation for success in their careers and their lives.](https://sms4smile.com/quotes/dean-phillips/as-minnesotans-we-value-education-and-preparing-the-next-generation/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [The only people who should suffer financial hardship when elected leaders can't govern are the elected leaders themselves.](https://sms4smile.com/quotes/dean-phillips/the-only-people-who-should-suffer-financial-hardship-when-elected/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [It's quite clear that if America hopes to realize the great possibilities of its remarkable mosaic, we all must invest more time talking and…](https://sms4smile.com/quotes/dean-phillips/it-s-quite-clear-that-if-america-hopes-to-realize-the-great/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [This is not a partisan issue. In fact, the vast majority of Democrats, independents and Republicans support universal background checks on gun sales.](https://sms4smile.com/quotes/dean-phillips/this-is-not-a-partisan-issue-in-fact-the-vast-majority-of-democrats/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [In order to preserve our democracy we must come together to end the corrupting influence of money in politics - and we cannot do…](https://sms4smile.com/quotes/dean-phillips/in-order-to-preserve-our-democracy-we-must-come-together-to-end-the/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [I have the great honor of representing Minnesota's Third Congressional District, which includes the western Twin Cities metro area and is home to the…](https://sms4smile.com/quotes/dean-phillips/i-have-the-great-honor-of-representing-minnesota-s-third/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [The American people are expecting us to put party politics aside and get things done - and not doing so is a dereliction of…](https://sms4smile.com/quotes/dean-phillips/the-american-people-are-expecting-us-to-put-party-politics-aside-and/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [No party has a monopoly on solutions, and we must stop fighting one another and begin fighting for one another - before it is…](https://sms4smile.com/quotes/dean-phillips/no-party-has-a-monopoly-on-solutions-and-we-must-stop-fighting-one/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [Climate change is an urgent problem and we need to reach a solution as quickly as possible.](https://sms4smile.com/quotes/dean-phillips/climate-change-is-an-urgent-problem-and-we-need-to-reach-a-solution/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [I made a promise to the people of Minnesota's Third District that I would work to end dysfunction in Washington.](https://sms4smile.com/quotes/dean-phillips/i-made-a-promise-to-the-people-of-minnesota-s-third-district-that-i/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) [Explore all 100 Dean Phillips quotes ](https://sms4smile.com/quotes/author/dean-phillips/) ## More Deficit quotes > [At times of recession, running a budget deficit is highly desirable. 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I guess somebody wasn't…](https://sms4smile.com/quotes/jay-leno/there-is-a-nationwide-shortage-of-drugs-for-attention-deficit/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [The more competitive value of the dollar turned around the trade deficit.](https://sms4smile.com/quotes/martin-feldstein/the-more-competitive-value-of-the-dollar-turned-around-the-trade/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to…](https://sms4smile.com/quotes/ayn-rand/inflation-is-not-caused-by-the-actions-of-private-citizens-but-by-the/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [When you're talking about long-term deficit reduction, $4 trillion worth, entitlement reform needs to be part of it.](https://sms4smile.com/quotes/dick-durbin/when-you-re-talking-about-long-term-deficit-reduction-4-trillion/) [Dick Durbin](https://sms4smile.com/quotes/author/dick-durbin/) > [I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It…](https://sms4smile.com/quotes/alan-greenspan/i-cannot-conceive-of-a-politically-feasible-solution-to-this-problem/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [The deficit crisis is real and must be addressed. But it cannot be solved on the backs of the weak and vulnerable.](https://sms4smile.com/quotes/bernie-sanders/the-deficit-crisis-is-real-and-must-be-addressed-but-it-cannot-be/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [You know, dramas are much more expensive to do than say a comedy, so any kind of deficit like that is picked up on…](https://sms4smile.com/quotes/paul-guilfoyle/you-know-dramas-are-much-more-expensive-to-do-than-say-a-comedy-so/) [Paul Guilfoyle](https://sms4smile.com/quotes/author/paul-guilfoyle/) > [The major cause for American Negroes intellectual and social deficits is hereditary and racially genetic in origin and thus not remedial to a major…](https://sms4smile.com/quotes/william-shockley/the-major-cause-for-american-negroes-intellectual-and-social-deficits/) [William Shockley](https://sms4smile.com/quotes/author/william-shockley/) > [Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today…](https://sms4smile.com/quotes/robert-c-solomon/back-in-those-days-in-the-fifties-and-sixties-countries-had-balance/) [Robert C. 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