Debt & Deficits ~ Trump Tax Cuts blow-up Federal Deficit

[exotix]

You should have waited for the download.

[Tahuyaman]

Debt & Deficits ~ Trump Tax Cuts blow-up Federal Deficit

How could a cut in tax rates which resulted in a huge increase in revenues flowing in to government be the blame for overspending?

[exotix]

Debt & Deficits ~ Trump Tax Cuts blow-up Federal Deficit


How could a cut in tax rates which resulted in a huge increase in revenues flowing in to government be the blame for overspending?

[exotix]

Today


How the Trump Tax Cut Is Helping to Push the Federal Deficit to $1 Trillion

https://www.nytimes.com/2018/07/25/b...t-deficit.html

The amount of corporate taxes collected by the federal government has plunged to historically low levels in the first six months of the year, pushing up the federal budget deficit much faster than economists had predicted.

The reason is President Trump’s tax cuts.


The law introduced a standard corporate rate of 21 percent, down from a high of 35 percent, and allowed companies to immediately deduct many new investments.


As companies operate with lower taxes and a greater ability to reduce what they owe, the federal government is receiving far less than it would have before the overhaul.

[Tahuyaman]

Again, how can something which increased revenues be blamed for overspending? It makes no sense. Let's place the blame for debt on the true cause, not some partisan motivated jib-jab.