The Soapbox

Joined: 06/03/2005 Posts: 31016
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It’s not a lie. If not for the tax cuts, revenues

over the last 4 years would have been ~$800 billion higher and the deficit would have been ~$800 billion lower. This stuff is all relatively easy to model (taxable income is relatively predictable over short time horizons of a few years), and the actual revenues were pretty close to what was predicted by the CBO after the tax cuts and ~$800 billion lower than their pre tax cut baseline projections.

I take it you’ve never worked in a position where you had budget responsibility and had to forecast revenues and expenses and model different revenue scenarios.

[Post edited by BocaHoo91 at 10/15/2021 9:39PM]

(In response to this post by Hoodafan)

Posted: 10/15/2021 at 9:37PM

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Current Thread:

@Hoodafan Somehow I missed the thread below on tax cuts and the deficit... -- BocaHoo91 10/15/2021 6:35PM

A couple of years ago I saw an analysis done about two years after the cuts -- 81_Hokie 10/16/2021 05:55AM

Did the 2017 tax cut—the Tax Cuts and Jobs Act—pay for itself? -- Hoo TV 10/16/2021 2:40PM

Uh oh... adjusted for inflation. Now you are really going to confuse them ** -- 81_Hokie 10/16/2021 3:35PM

No difficult. They don’t want to admit it and/ or are in denial ** -- WaxHoo 10/16/2021 10:01AM

Who gives a rip about projections -- TomKazanski 10/15/2021 9:17PM

LOL. You can't be a UVA graduate. ** -- Blah 10/16/2021 12:06PM

There are a lot of UVa grads that you may disagree with....and some who -- orangenblue 10/17/2021 12:09AM

Have you ever read Tommy? This is the same dumbass ... -- Blah 10/17/2021 02:08AM

As a moderate, I disagree with most on one issue or another including Tommy -- orangenblue 10/17/2021 10:39AM

I'm moderate. This is not about agreeing / disagreeing. This is ... -- Blah 10/17/2021 10:46AM

People who understand how budgeting works give a rip. -- BocaHoo91 10/15/2021 9:38PM

Only a “retard” would claim to be smart for using a projection -- TomKazanski 10/15/2021 10:41PM

Moron ** -- 111Balz 10/16/2021 07:42AM

Tommy doesn't worry about budgeting... his mother doesn't charge him rent -- 81_Hokie 10/16/2021 09:45AM

It's unbelievable and Tommy considers himself a "conservative." LOL.** -- Blah 10/16/2021 12:10PM

No ** -- WaxHoo 10/15/2021 9:24PM

Show your work ** -- HokieDan95 10/15/2021 9:36PM

Boca did. While 2021 revenue was higher by 36 -- WahooMatt05 10/15/2021 10:05PM

Not to mention the amount of stimulus relief money pumped into the economy -- 111Balz 10/16/2021 08:54AM

But revenue didn't actually go down, therefore the tax cuts didn't -- BocaHoo91 10/15/2021 10:08PM

Thanks. I'll try to look at that later when I have time. But again, my poin -- Hoodafan 10/15/2021 9:13PM

It’s flat out embarrassing to see you continuing to try to make that argume -- 111Balz 10/16/2021 08:00AM

It’s not a lie. If not for the tax cuts, revenues -- BocaHoo91 10/15/2021 9:37PM

I'll give this one more shot before the game and enjoying my weekend. Can -- Hoodafan 10/16/2021 09:54AM

What? Just.... what? -- 00 Hoo 10/16/2021 6:26PM

It’s fucking mind boggling. And this -- BocaHoo91 10/16/2021 6:34PM

Claims he was a business owner too. Perhaps the past tense is a tell. ** -- WahooRQ 10/18/2021 08:14AM

Some people consider admission of an error, or merely of a pov they hadn’t -- hoolstoptheheels 10/16/2021 1:09PM

^^^^Never done a variance analysis to plan. -- BocaHoo91 10/16/2021 11:34AM

I find stubborn politicos sometimes don’t apply the reason they use -- hoolstoptheheels 10/16/2021 1:18PM

It’s not that *we* don’t understand the idiotic nonpoint *you* keep trying -- WahooRQ 10/16/2021 10:06AM

It’s 100 to 2. And the 2 are hooda and -- BocaHoo91 10/16/2021 11:08AM

And translated to IQ points, that’s 15,000 to 2. -- WahooRQ 10/16/2021 12:02PM

The implicit assumption in all this is that the fed budget turns on a dime -- CMUHoo 10/15/2021 9:43PM

Great point as well ** -- 111Balz 10/16/2021 08:01AM

Good luck getting moron Trumpers like Hooduh and Klanny to understand that ** -- WahooRQ 10/16/2021 07:49AM

I agree with that, but I don't think that's necessarily Hooda's implicit -- BocaHoo91 10/15/2021 9:57PM

No tax cut adds to debt it’s only spending -- TomKazanski 10/15/2021 10:49PM

So if we cut taxes to $0. Not one penny in taxes collected, the deficit -- BocaHoo91 10/15/2021 11:01PM

Look at you learning -- TomKazanski 10/16/2021 12:05AM

But the fact that we cut taxes to zero played no -- BocaHoo91 10/16/2021 12:11AM

Not if the year before you had Less revenue ** -- TomKazanski 10/16/2021 10:55AM

You see, Boca, Klanny didn’t make enough money to pay taxes last year, but -- WahooRQ 10/16/2021 08:59AM

He doesn’t understand and he doesn’t want to understand. He just wants to h -- 111Balz 10/16/2021 08:19AM

Yes. Maybe he isn't actually assuming that. -- CMUHoo 10/15/2021 10:06PM

You’re giving him too much credit. His argument is basically A minus B -- 111Balz 10/16/2021 08:42AM

HooDuh would never, ever, lie by omission ** -- WaxHoo 10/15/2021 8:07PM

I, for one, don’t know who to believe. ** -- hokie in cville 10/15/2021 7:02PM