Posted on 06/14/2019 10:28:10 AM PDT by SeekAndFind
Check this out.
Seems to me the corporate shortfall would affect less than 2% of the federal budget. Individual and Payroll taxes would more than make up for that based on their combined 83% of total Federal Budget revenues, and the fact they have increased.
It would still seem to me that spending is the problem, and the tax cut isn't.
Cut people’s social security checks by 25 percent. Lift the cap to 250K. Problem solved. I swear I should run this country.
Did you bother to actually READ the article I posted? Obviously not.. Go actually READ the article..
The “growth” in the personal income taxes is net less than the shrinking of the corporate tax.
That results in NET reduction in income tax revenues....
The Tax Cuts are indeed partially to blame for this, and to pretend otherwise just because you don’t like that reality, is on you.
Yes, I am all for reigning in spending, but to claim that the tax laws did not negatively affect revenues, or at least so far have not, is flat out not true.
So, blaming the tax cuts (at least partially) for deficits, is not wrong, a lie or fake news....
Now, this may change over time, and personal income tax growth may indeed be more than corporate income tax decreases, but like it or not, that hasn’t happened yet.
I have to go out now. I’ll respond later...
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