Originally Posted By: Senator Hatrack
I suspect, my friend, that you are unaware that virtually everything in that year old editorial is factually inaccurate, and the conclusion is nonsensical. Federal revenues went up 1.2 percent, but that had virtually nothing to do with the tax cut, as it had barely gone into effect and hadn't affected tax revenues at all, yet. Trump tax cuts did little to boost economic growth in 2018, study says (CNBC). "The economists say that for the tax cuts to pay for themselves, as Trump has promised, GDP would have to rise by 6.7%."
Quote:
While the Congressional Budget Office had forecast a $94 billion break that still would have generated $243 billion in corporate revenues, the actual total was $205 billion, or 16% lower than projected.
Cold, hard facts trump fantastical editorial spin every time.