?
Lv 7
? asked in Politics & GovernmentPolitics · 3 years ago

Why are Federal revenues starting to increase after Trump's tax cut?

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  • 3 years ago
    Favorite Answer

    Federal revenues are starting to increase after Trump's tax cut because the evil greedy rich are actually investing their tax cuts and more poor people are working.

    Growing the economy creates more tax revenue than raising taxes.

    More tax payers, is better than more taxes.

    CBO forecasts largest-ever monthly surplus as record tax receipts pour in

    https://www.marketwatch.com/story/cbo-forecasts-la...

    April was best month in history for U.S. budget, according to CBO figures

    https://www.washingtontimes.com/news/2018/may/7/cb...

    Go Figure: Tax Revenues Climbed $18 Billion In First Month Of GOP Tax Cuts

    https://www.investors.com/politics/editorials/reve...

  • ricky
    Lv 7
    3 years ago

    Bigger Pie

  • Anonymous
    3 years ago

    They're not. The tax cut is too new to have had any noticeable impact on tax revenue.

  • Odd, so is the deficit.

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  • 3 years ago

    Because if government stops raping and strangling businesses so much, guess what? They do better.

  • 3 years ago

    A tax is when the government thinks it knows better how to spend your own money than you do.

    Having extra money in your pocket means you can spend it how you like. That results in more tax (e.g. sales taxes) being collected. Think of it as a pro-choice option!

  • ?
    Lv 7
    3 years ago

    They have been. The problem is spending is rising faster.

  • 3 years ago

    Interesting that has happened every time there has been a major tax cut through the history of the US. But the people in Washington do not want you to remember that because it takes away their power over you.

  • Anonymous
    3 years ago

    As intended , the retention and repatriation of businesses as well as the general stimulation in the economy has increased revenues by way of volume rather than excessive rates .

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