Tax cuts increase tax revenues

[Hafar1014]

There is sweet spot for tax cuts. Too much and you get less and too little and you accomplish nothing. Trump hit the nail on th head and revenues increased. It will happen again in his second term and democrats fight it every step of the way. Vote democrats is like getting a pay cut. Vote GOP you get a raise

Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.
Beyond what the Trump tax cuts did for economic growth and federal revenues, it provided major benefits to working families. The officially reported poverty level fell to its lowest rate in 50 years and unemployment rates for minorities and those without a college degree hit all-time lows. Real median household income rose by $5,000, and wages went up by nearly 5 percent. Americans earning under $100,000 saw an average tax cut of 16 percent. And while the tax burden on low-income families went down, the top one percent saw their share of federal taxes go up.


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[Mr Natural]

Yet another one of those right wing myths.

 

[1srelluc]

Dems don't care because they don't have jobs....They live in fear of austerity measures.

 

[wamose]

Yet another one of those right wing myths.

If tax cuts are bad, why didn't Biden repeal Trump's cuts? The answer is that he deferred to Trump's superior economic intellect. Biden's only original policy was to flood our country with unneeded, unwanted illegal aliens to bolster his voter fraud network. That blunder will cost us for at least a decade.

 

[DennisPTate]

There is sweet spot for tax cuts. Too much and you get less and too little and you accomplish nothing. Trump hit the nail on th head and revenues increased. It will happen again in his second term and democrats fight it every step of the way. Vote democrats is like getting a pay cut. Vote GOP you get a raise

Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.
Beyond what the Trump tax cuts did for economic growth and federal revenues, it provided major benefits to working families. The officially reported poverty level fell to its lowest rate in 50 years and unemployment rates for minorities and those without a college degree hit all-time lows. Real median household income rose by $5,000, and wages went up by nearly 5 percent. Americans earning under $100,000 saw an average tax cut of 16 percent. And while the tax burden on low-income families went down, the top one percent saw their share of federal taxes go up.


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True Tax Cuts Do Increase Tax Revenue, President Ronald Reagan proved that this is true.

Here is another idea that would also greatly increase taxation revenue for all three levels of government.

A Dr. Milton Friedman style Basic Minimum Income Supplement would put more money in the hands of taxpayers, to pay their taxes, and to buy stuff....... on which the government would raise lots of taxes!

This can be financed in the same way as the President Abraham Lincoln Greenback Monetary Policy Experiment.

[Melvin Sickler] :

Abraham Lincoln and John F. Kennedy
Two great presidents of the United States Assassinated for the cause of justice

Abraham Lincoln

During the Civil War (1861-1865), President Lincoln needed money to finance the War from the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and went away greatly distressed, for he was a man of principle and would not think of plunging his beloved country into a debt that the country would find impossible to pay back.


Eventually President Lincoln was advised to get Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote:

"... (we) gave the people of this Republic the greatest blessing they have ever had -- their own paper money to pay their own debts..."

Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war.
Shortly after that happened, "The London Times" printed the following: "If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. That govern-ment must be destroyed, or it will destroy every monarchy on the globe." In retaliation

After this was published in "The London Times", the British Government, which was controlled by the London and other European Bankers, moved to support the Confederate South, hoping to defeat Lincoln and the Union, and destroy this government which they said had to be destroyed.

The Czar of Russia sent a portion of the Russian navy to the United States with orders that its admiral would operate under the command of Abraham Lincoln. These ships of the Russian navy then became a threat to the ships of the British navy which had intended to break the blockade and help the South.

The North won the War, and the Union was preserved. America remained as one nation.

Of course, the Bankers were not going to give in that easy, for they were determined to put an end to Lincoln's interest-free, debt-free Greenbacks. He was assassinated by an agent of the Bankers shortly after the War ended.

Thereafter, Congress revoked the Green-back Law and enacted, in its place, the National Banking Act. The national banks were to be privately owned and the national bank notes they issued were to be interest bearing. The Act also provided that the Greenbacks should be retired from circulation as soon as they came back to the Treasury in payment of taxes.

In 1972, the United States Treasury Department was asked to compute the amount of interest that would have been paid if that 400 million dollars would have been borrowed at interest instead of being issued by Abraham Lincoln. They did some computations, and a few weeks later, the United States Treasury Department said the United States Government saved 4 billion dollars in interest because Lincoln had created his own money.

The Federal Reserve Act

Abraham Lincoln & John F.K assassination

Abraham Lincoln and John F. Kennedy Two great presidents of the United States Assassinated for the cause of justice

www.cidpusa.org

Zone1 Thread 'A Basic Minimum Income Supplement and the percentage of women who choose abortion?'

Nov 30, 2025

In a high percentage of cases where a woman chooses to have an abortion, money and obtaining an education and getting a better career in the future are cited as being major reasons for choosing to have an abortion.

An Unconditional but Taxable Basic Minimum Income for all citizens of the USA and Canada would almost certainly result in a significant percentage of women deciding instead to give birth to their baby, [even if they were to give their baby up for adoption, a less scary economy for the USA and Canada would impact pregnant women so that they would be less pessimistic about the...

• DennisPTate
• Replies: 23
• Forum: Clean Debate Zone

 

[Independent thinker]

There is sweet spot for tax cuts. Too much and you get less and too little and you accomplish nothing. Trump hit the nail on th head and revenues increased. It will happen again in his second term and democrats fight it every step of the way. Vote democrats is like getting a pay cut. Vote GOP you get a raise

Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.
Beyond what the Trump tax cuts did for economic growth and federal revenues, it provided major benefits to working families. The officially reported poverty level fell to its lowest rate in 50 years and unemployment rates for minorities and those without a college degree hit all-time lows. Real median household income rose by $5,000, and wages went up by nearly 5 percent. Americans earning under $100,000 saw an average tax cut of 16 percent. And while the tax burden on low-income families went down, the top one percent saw their share of federal taxes go up.


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While most all of the average Joes and Janes will get much larger tax refunds this year which they will then turn around and spend and grow the economy even further, resulting in even higher tax revenues collected, democrats will still stick with their affordability narrative and claim all of this only benefits the rich.

 

[ThunderKiss1965]

There is sweet spot for tax cuts. Too much and you get less and too little and you accomplish nothing. Trump hit the nail on th head and revenues increased. It will happen again in his second term and democrats fight it every step of the way. Vote democrats is like getting a pay cut. Vote GOP you get a raise

Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.
Beyond what the Trump tax cuts did for economic growth and federal revenues, it provided major benefits to working families. The officially reported poverty level fell to its lowest rate in 50 years and unemployment rates for minorities and those without a college degree hit all-time lows. Real median household income rose by $5,000, and wages went up by nearly 5 percent. Americans earning under $100,000 saw an average tax cut of 16 percent. And while the tax burden on low-income families went down, the top one percent saw their share of federal taxes go up.


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Without spending cuts the increased revenue is worthless.

 

[Nostra]

Yet another one of those right wing myths.

Happens every time a major tax cut is implemented.............the rich always end up paying more of the total tax bill, and revenues go up.

 

[Mashmont]

There is sweet spot for tax cuts. Too much and you get less and too little and you accomplish nothing. Trump hit the nail on th head and revenues increased. It will happen again in his second term and democrats fight it every step of the way. Vote democrats is like getting a pay cut. Vote GOP you get a raise

Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.
Beyond what the Trump tax cuts did for economic growth and federal revenues, it provided major benefits to working families. The officially reported poverty level fell to its lowest rate in 50 years and unemployment rates for minorities and those without a college degree hit all-time lows. Real median household income rose by $5,000, and wages went up by nearly 5 percent. Americans earning under $100,000 saw an average tax cut of 16 percent. And while the tax burden on low-income families went down, the top one percent saw their share of federal taxes go up.


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This is Economics 101, yet Democrats do the opposite, and the leftwing media never calls them on it.
Economics is like math. There are absolutes. These absolutes should be drilled into every student from an early grade.
But the left would never permit such a thing. That's why we have cities like New York full of leftwing ignoramuses who install a Communist mayor. We shouldn't have to constantly re-learn the lesson of failed Communist rule.

 

[citygator]

Trump tax cuts did not pay for themselves. We lost $100B a year from them.

GOP LIES:

• Trickle down works (it doesn’t)
• Tax cuts pay for themselves (they don’t)

2017 Tax Cuts Continue to Lose Revenue | Committee for a Responsible Federal Budget

2024-04-15-UPDATE (June 2024): This analysis has been updated for CBO's June 2024 baseline

www.crfb.org