So Trump's misguided tax cuts for billionaires weren't paying for themselves after all?
- jeeper_peeper321Lv 76 months ago
hmmmm, trumps tax cuts cut 1.5 billion in tax's
but tax receipts went up over 24 billion after the tax cuts
now bu=y my math, 24 is much greater than 1.5
- ElliotLv 76 months ago
Nobody expected that they would, except for his most gullible followers.
- Anonymous6 months ago
Are you joking? Tax revenues still increased once we cut taxes according to the CBO. In 2017, the revenue was 3.32 trillion. In 2018, it was 3.33 trillion. In 2019, it's estimated to jump to 3.44 trillion after the year is complete. In 2020, that estimate goes to 3.64 trillion. Do you know why revenue doesn't drop? When you cut taxes, you create things such as jobs and investment. When you create jobs and investment, you get more taxable income, as opposed to just trying to strangle the same people for what they have now, killing jobs and investment, and thus taxable income, in the process. An expanding economy = tax revenue.
And what recession? You people think every time the stock market has a dip, like it always does, a recession is coming. Anyone who has seen the chart of the DOW, for example, that is larger than one year knows that it's normal. The DOW is already back up to 26,000+. In one more good week, it will be setting records again, which is why the fed is contemplating not even cutting rates again. Trump is doing all of this even WITH interest rates. Obama had zero interest rates almost his entire presidency in comparison to Trump. The Fed handled Obama's economy with kid gloves and Obama STILL failed.
- Anonymous6 months ago
Are you leftists thinking that if you say recession enough, it will happen? Good to see you "patriots" love the US so much that you pray for recessions.
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- atheistLv 66 months ago
Typical liberal. Hoping for a recession. How sad.
- SamLv 76 months ago
We are heading for a bankruptcy.
- ChrisLv 76 months ago
Hello recession? The US economy is the strongest in the world at this point.
- horstLv 46 months ago
Same thing happened when Reagan cut taxes...and Bush. Nothing new or different here.
- 6 months ago
Please, tell us all about your economic knowledge.
- Maga MyersLv 46 months ago
You fall for all left wing propaganda. Don't you?