Democrat government greed ignores the benefit of tax cuts

 Jack Hellner:

Why do Democrats continually tell the public that Trump's tax cuts "cost" the government more than $1 trillion when it is demonstrably not true?

Despite COVID, the federal government is going to collect around $600 billion more in 2021 (almost $3.9 trillion versus $3.3 trillion in FY 2017), than it did before Trump's tax cuts went into effect in 2018.

It has a lot to do with the flip-side of this issue: Democrats' fanatical determination to "tax the rich" in their $4.5-trillion spendathons in Congress.

But it makes absolutely no sense, given that the government drew in more money from companies that benefited from Trump's tax cuts as the economy grew.

Why would you raise tax rates when the lower tax rates raised more money for the government unless you cared about power more than results?

Trump's policies of lower taxes and fewer regulations allowed companies to make money. That, in turn, helped average people, who got jobs with higher pay, raising incomes especially for those at the bottom. They also slashed unemployment rates for all races and education levels to record lows and cut the poverty rate to record lows. Essentially, Trump's policies lifted all boats as the benefits trickled throughout the economy. Income equality was improving.
...

Democrats are like a company that thinks it can raise profits by increasing prices which actually reduces sales and profits.  Government greed actually reduces tax collections.

See, also:

Don't let partisan politics impede Texas' economic recovery

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