The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31088
Likes: 52530


I agree there are lots of factors, but it's hard to put a lot of blame


on revenues when revenue growth actually INCREASED after the cuts. You can never truly know what revenues would have been without the tax cuts, but I'm pretty sure the $200 billion cost per year that has been claimed is not correct. In order to believe that revenues would have been higher by $200 billion per year without the tax cuts, you'd have to believe that the base case was:

2016.....1%
2017.....1%
2018.....6%
2019.....10%

That strains credulity

I think the obvious answer on the deficit is that it increased because spending increased by 8% in 2019.

(In response to this post by 111Balz)

Posted: 10/11/2019 at 08:43AM



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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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