g5000
Diamond Member
- Nov 26, 2011
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As long as tax rates stay within a certain margin, tax revenues will rise when the economy grows.This is total horseshit. The rise in the national debt is the result of overspending by both parties, NOT any tax cuts. I forget the name of the guy who proved this axiom to be true, but essentially here is no actual correlation between tax rates and revenue. Revenue went up, not down the year after Trump's tax cuts. Which BTW were NOT for the rich, that is a big lie perpetuated by the Left. Most of the people who benefited from those tax cuts were the middle and lower income people.
View attachment 669917
Clinton and Obama both raised taxes, and revenues went up. Revenues went up considerably after Clinton raised taxes.
Those who claim tax cuts increase revenues are telling a huge lie of omission. It's theater for the rubes.