Ro
Lv 7
Ro asked in Politics & GovernmentPolitics · 1 month ago

Why are liberals denying that the Trump tax cuts led to a huge increase in federal revenues due to increased economic activity?

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    Nancy Pelosi often calls it the GOP Tax Scam, notably in her monthly statements about the jobs report saying only the wealthy are benefiting. On the other hand, she was a strong advocate for passing "The Democrat Healthcare Scam".

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  • Leo
    Lv 7
    1 month ago

    Then why has the deficit increased?

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  • Anonymous
    1 month ago

    because they didn't? because federal revenues went down?

    • Ro
      Lv 7
      1 month agoReport

      Nope

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  • Yavan
    Lv 7
    1 month ago

    That is simply mathematically false. Deficits are exploding. 

    I'm not denying that the Trump markets are strong, I'm just denying the fundamental sanity of the whole thing.

    It's being pumped up on $1.3 trillion in government deficits AND the Federal Reserve still taking on bad asset risks. (It's more than 1.3, now. New projections are heading to 1.6).

    Basically, Trump has been applying recession emergency measures throughout his presidency. Yes, those will boost markets. It's corporate welfare to the max and it will end in tears.

    The revenues just don't justify these valuations. This is gilded age insanity.

    • Ro
      Lv 7
      1 month agoReport

      Mathematically true.

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  • 1 month ago

    Because it didn't. 

    However, increased federal spending did result in increased economic activity....

    • Ro
      Lv 7
      1 month agoReport

      Actually yes it did. The ignorance of you people on the Left is appalling.

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