Historically speaking, cutting taxes has increase federal revenue. Federal revenue increases year over year expect during recessions. Federal revenues skyrocket when the economy is going gang busters. The best way to get the economy rev'ed up is with rate reductions. The author is full of it.
I don’t care about the deficit. Obama never did and the idiot press never said word one about Trillion dollar deficits. One was closer to 2 Trillion than 1 trillion.
God forbid they allow the American Taxpayer to keep the fruits of his labor!
This is Obama’s Deficits. Ever hear anything about them? EVER?!
President Barack Obama: Total Expected Plus Actual Deficits = $6.690 trillion, a 57 percent increase.
FY 2017 - $666 billion.
FY 2016 - $585 billion.
FY 2015 - $438 billion.
FY 2014 - $485 billion.
FY 2013 - $679 billion.
FY 2012 - $1.087 trillion.
FY 2011 - $1.300 trillion.
FY 2010 - $1.547 ($1.294 trillion plus $253 billion from the Obama Stimulus Act that was attached to the FY 2009 budget).
This “fiscal hawk” issue suddenly an issue because Trump is talking about a middle class tax cut. The corportists, led by the likes of Corker, want a corporate tax cut for their big donors while giving nothing to Main Street.
Every time I hear some Republican fret about paying for tax cuts I want to pop them one. Tax cuts pay for tax cuts! Just cut taxes, across the board and get the heck out of the way. Federal tax revenues will increase just like they did in the 80’s.
“Deficit hawk” is misleading. Bob Dole was a “deficit hawk” who wanted to solve the deficit by raising taxes. Hell, a lot of Dems could be considered “deficit hawks” because they want to close the deficit with massive tax increases.
What is endangered are GOP SPENDING hawks. At some point during George Bush’s administration, the GOP gave up on spending restraint. John Kasich is a great example. In the early to mid 1990s, he cut or held the line on spending. Now he’s a bleeding heart “compassionate conservative.” Everyone wants to get drunk on our grandchildren’s credit card.
Republicans only care about deficits when a Democrat is in the White House. And Democrats only care about deficits when a Republican is in the White House.
Barry went from 10 to 20T$. We can afford 1 or 2T$ extra under Trump for now.