Hoo cares what was projected for '19 when this is already showing those
projections were wrong when it came to the more recent projections for after tax cut revenue? And as I replied to Dan below, not only did revenues go up (despite the lower rates), but also they went up at a higher pace than they were growing before the cuts.
I can project revenues to grow at 3% per year under the old rates if you would like, but that's meaningless when they actually grew at .52% and 1.5% in the two years leading up to the cuts.
Again, the take aways here IMO are 1) these revenues have rebounded much faster than they did under both Reagan's and W's cuts (I and we all should've expected it would take a few years just to get back to break even) and 2) that the deficit problem, which is indeed real IMO, is from the spending side, no matter how often the left repeats the "added $1.5T to debt" lie.
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In response to this post by BocaHoo91)
Posted: 10/10/2019 at 8:01PM