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Rei
Lv 5
Rei asked in Business & FinanceTaxesOther - Taxes · 12 months ago

Why aren't Trumps giant tax cuts paying for themselves yet? Shouldn't the deficit be dropping, instead of going way up?

19 Answers

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  • Jeff S
    Lv 7
    12 months ago
    Favorite Answer

    Only his morons believed him!

    • Erik
      Lv 7
      12 months agoReport

      truth

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  • 12 months ago

    I find it super confusing that you are asking about tax cuts vs the deficit...as though the two were linked somehow.

    Trade deficits are related to international commerce and tax cuts are related to entities paying US taxes....these are linked inherently.

    I see where you are going here...and I agree...your argument is disjointed though.

  • 12 months ago

    No, taxes were already too low, and Trump made them even lower. For the deficit to drop, taxes would have to be higher.

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  • Anonymous
    12 months ago

    Not only is the deficit going up in actual dollars, the ratio of debt to GDP (gross domestic product) is significantly increased over what it was under "tax & spend" Obama.

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  • Clem
    Lv 4
    12 months ago

    They are and they will, just wait and you will see

    • Rei
      Lv 5
      12 months agoReport

      How soon?

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  • 12 months ago

    Tax cuts 'don't pay for themselves'. Money belongs to the people that earned it, not to the government. There need to be spending cuts to reduce deficits. But politicians on both sides of the aisle cement their political power through welfare. Free benefits to the able-bodied, non-productive and tax 'incentives' to corporations, at the expense of the producing class.

  • sam
    Lv 6
    12 months ago

    he lied......................................

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  • Yavan
    Lv 7
    12 months ago

    No.

    The GOP is the anti-science party.

    With its continued support of creationist movements, it's at war with biology, astronomy, geology… and everything that's in any way connected to these sciences.

    It's insistence climate change is a hoax also puts it at odds with astronomy, chemistry, climatology, physics...

    With trickle down economics, they're actually going after mathematics.

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  • 12 months ago

    Trump has spent more during the first 2.5 years of his presidency than Obama did. At least Obama had the excuse of the worst global recession in 80 years, but Trump's spending took place during a time of economic growth. There is simply no excuse.

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  • Anonymous
    12 months ago

    Well, if democrats would let us cut these horrible social programs like welfare and obamacare we might get somewhere not to mention the amount of money we have to keep spending on border control because you jerks are blocking the wall.

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