Trickle down ?
Laffer Curve.
“Not exactly. Income taxes collected in February were down $2.5 billion from last year — reflecting the new withholding tables. Corporate income tax collections, however, were essentially flat.
But remember, income taxes are hardly the only source of revenue for the federal government. And a faster-growing economy means more money pouring in from these other sources.
Payroll taxes, for example, are dependent on the number of people working and their wages. In February, the economy added 313,000 jobs, unemployment levels are now at or near record lows, and wages are climbing.
As a result, payroll taxes brought in $1.5 billion more in February than they did last year, and are up $11.4 billion this fiscal year. Federal excise taxes and customs duties are up $3.8 billion and $1 billion, respectively, this fiscal year.”
lol. Only if. However, I’d rather see the 50 billion since the law passed put towards the national debt. Yes I know that is a day or two of interest, but we have to work on it. If not by the time Trump leaves office the debt will be 35 trillion (8 years) if not more. Every President has ignored the debt starting with Reagan.