The average effective tax rate for corporations is about 12.5%. So if you're keeping all the deductions and loopholes, as this plan does, how are you increasing revenues by lowering the tax rate? Magic trickle-down? Come on. We've been through this already.
There are piles of evidence and examples where reducing taxation on individuals and business stimulates economic growth which increases revenues.
Of course lefties deny this. They do so because left wingers believe all things should funnel through government. They believe that individuals and business cannot be trusted with their own money. They abhor the idea of individual achievement and success. They screech in denial that Americans can indeed work themselves out of poverty and rise the economic ladder
You want dependency on government in order to give democrats a permanent lock on Washington.
And all of the above is why your side keeps losing Federal and State seats.
There is no evidence whatsoever that tax cuts increase revenues. In fact the opposite is true. That's why Reagan increased taxes in the years following his famous rewrite of the tax code.
The only reason revenues appeared to increase after Reagan's tax cuts is that he went on a military spending spree which created a massive deficit. It was the tax revenues created by that deficit spending which goosed revenues. The same can be said for W's tax cuts.
Both Reagan and W were handed a balanced budget with no deficits when they came to power, both cut taxes and both created the largest deficits in American history (to that point). If tax cuts increased revenues, how did these deficits happen?
Right wingers believe all of this shit about cutting taxes that just isn't true. Tax cuts don't pay for themselves, they don't increase jobs and they don't increase revenues.
The myth that Reagan created massive numbers of jobs is just that - a myth. Carter created more jobs than Reagan, as did Clinton and Obama. W's economy lost more jobs than it created.