Cut revenue and don't cut spending to offset it and the deficits increase.
Tax revenue has nothing to do with deficit spending.
One is cash flow and the other is borrowing.
Taxes are just another form of control.
Don’t let the idiots tell you that tax cuts have to be offset.
Cut spending, cut taxes. Or don’t. They have nothing to do with each other.
Washington is run by lawyer scumbags, not accountants. They have no idea what they are talking about. Don’t listen to them.
Cutting the tax rate can and often does lead to increased tax revenue. Happened with the Mellon tax rate cuts a hundred years ago, JFK's tax rate cuts sixty years ago, and Reagan's rate cuts thirty years ago.
If you look at inflation adjusted tax revenue, you'll see tax revenue dips for about the first year after the cuts, and then the GDP expands, bringing in more revenue than before the cuts. Larger revenue from a smaller cut of the larger economy.
Look at tax revenue after tax rate increases as well. It often increases for the first year before contracting. Bigger cut of a smaller economy. It's like a self-correcting system. Like it has a built-in feedback mechanism.
Regardless of tax rates, the government's take is remarkably stable when compared to percentage of the GDP. While income tax rates swung wildly up and down between 90% to 28% over the years, tax revenue stayed between 15% and 20% of the GDP during the same years. The best way to bring in more tax revenue is to promote growth.
Regardless, deficit spending is always a spending issue, not a tax rate issue.