The Soapbox

Hoodafan

Joined: 09/29/2013 Posts: 60613
Likes: 57066


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.

(In response to this post by BocaHoo91)

Posted: 10/10/2019 at 8:01PM



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Current Thread:
 
  
Yeah, about those deficit busting tax cuts....... -- Hoodafan 10/10/2019 6:42PM
  So, those tax cuts did not get made in a vacuum -- HoosQ 10/11/2019 10:00AM
  Oh my gosh. You’re trying this again? ** -- 111Balz 10/10/2019 9:43PM
  Much greater growth than expected? Lol. ** -- HooAskedYou 10/10/2019 7:29PM
  You cant tame the beast and get reelected...sadly ** -- Tuckahokie 10/10/2019 7:09PM
  Can you draw pictures to help Shen and Laz? ** -- TpkeHoo 10/10/2019 6:46PM
  Do you think this would do it? -- Hoodafan 10/10/2019 6:55PM
  HoosQ2? ** -- Tuckahokie 10/10/2019 7:15PM

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