The Soapbox

Hoodafan

Joined: 09/29/2013 Posts: 60597
Likes: 57055


I think that's a fairly safe assumption, in the short term anyway. Most tax


cuts take several years before revenues are back to the level they were before cuts. W took the longest by far and he finally got there right before the chit hit the fan. The goal is that the accelerated growth ultimately offsets that initial drop. I was frankly amazed that revenues were essentially flat that first year, despite the cuts.

But the point being, you can't claim the tax cuts added to the deficit if they are flat, and then growing faster than before cuts. Yet we see that claim constantly as if it's "fact". Being less than they might've been does not add a penny to the deficit.

(In response to this post by KCHoo)

Posted: 10/19/2020 at 9:58PM



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Current Thread:
  Probably yours more than mine, but carry on. ** -- Hoodafan 10/19/2020 4:17PM
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