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To: ChicagoConservative27

More CNN Fake News. Tax receipts are way, way up after the rate cuts. The problem is Congress has managed to spend even more than than the increase in revenues.


16 posted on 08/28/2019 12:55:23 PM PDT by colorado tanker
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To: colorado tanker

Unfortunate this is wrong, tax receipts dropped a small amount in 2018, the first year with the tax reform in effect. It was largely due to a big drop in corporate tax revenue, and somewhat offset by an increase in tariffs. Income tax revenue also dropped slightly. Combined with a boost in spending, and we have increased debt and deficit.


57 posted on 08/28/2019 1:43:41 PM PDT by Wayne07
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