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01-23-2020, 03:51 PM
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#11
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Registered User
Join Date: Feb 2009
Posts: 7,725
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Quote:
Originally Posted by PaulS
Fortunately (or unfortunately) it is the President who it usually is attributed to.
Trump did have a small part in lowering taxes which is reflected in the deficit.
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Federal government revenues have gone up in spite of the tax cuts. Tax cuts were part of the total equation. They helped to greatly expand the whole economy, which resulted in greater government revenues. Can't believe that we constantly have to point this stuff out.
So, if revenues have gone up, it's Congress's duty to wisely spend, and it is its profligacy, not the tax cuts, that is the reason that the debt keeps rising. |
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