Unless we are on a Recession… revenues always rise.
Tax cuts almost always add to the debt.
Trump’s past ones certainly did. Massively
Really...
tax cuts almost always add to the debt?
WHERE IS YOUR PROOF?!!!
Now let's use an example...
First does the government create anything? They create jobs... that are paid by TAXES! Right.
So They say that while cutting the rate from 35% to 21%
did stimulate some growth,
Overall revenues went down in the first year of the tax cuts — and in 2019 and 2020 overall.
In 2020, though, after the start of the pandemic, revenues began to steadily rise.
At a campaign
rally in Pennsylvania on Oct. 5, Trump talked about reducing the corporate tax rate even lower, from 21% in the TCJA to 15% (
provided companies agree to make their products in the U.S.).
Former President Donald Trump is proposing to lower the federal corporate tax rate to 15%, insisting that when he lowered it to 21% starting in 2018, revenues received by the government actually went up due to economic growth it spurred. Economists say that's not what happened.
www.factcheck.org
NOW nowhere though in this biased MSM "factcheck.Org" was any mention of the nearly $1 Trillion brought
back into the USA!
It should be noted that repatriation reflects the transfer of funds to the United States in purely accounting terms: The funds previously held by a foreign affiliate are now held by the U.S. parent.
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
Despite this slowing down, repatriation flows could remain above their pre-TCJA levels because the TCJA eliminated the tax incentives for keeping profits abroad.”
In 2025, federal lawmakers will confront major tax policy expirations, the majority of which stem from the Tax Cuts and Jobs Act (TCJA) of…
bipartisanpolicy.org
For those of you that ignorantly say
"well corporations used to buy back shares!
Ah... YES... guess what the shareholders had to pay taxes on the $$ used to buy back their shares!
And guess what those buyback shareholders did? Bought more stocks raising the stock market!
The $1.5 trillion GOP tax cuts, which slashed the corporate tax rate to 21 percent from 35 percent and reduced the rate on corporate income brought back from abroad, have been a
major boon to corporate America. They’ve also put the spotlight on stock buybacks, which have been on the rise for years and are on track to reach
$800 billion in 2018.
The tax cuts have put stock buybacks in the spotlight. Here’s what they are — and why you should care.
www.vox.com
But the above BIASED ANTI-CAPITALISM article forgot a very important issue!
What did the shareholders do with the buyback money that came from offshore?
HMMM...NO articles about that because logically the buyback shareholders did several things with their cash!
A) paid taxes
B) Bought more stock
C) Bought cars, homes, etc.
All of which is beneficial to the USA!
