Revenue always rises, except in a recession. It rises because the GDP grows, and because of inflation. In other words, if inflation is 2%, and GDP growth (as reported "net") is 2.5%, then the actual GDP rose 4.5% in absolute terms. That growth is due to economic activity that is taxed. It happens every year outside of a recession when there is NOT a tax cut.
Thus, "But, at least individual income taxes collected did rise in fiscal 2018 due to tax cut" is completely wrong. If this is the basis on which you think Trump's tax cuts were genius, then I am relieved because you will no longer feel that way now.
As to your other point, let's start with whether the President should be able to use the Fed as a strategic tool for anything. The answer is no. The Fed should respond to the economy, not the president.
Replies to: "Setting aside your strategies, please stop with the revenue rising because of the tax cut."
- 27,000!!! Will Mr Krugman and Summers report to the ER there are doctors waiting [NT]
- PBHangingChad - 2:55pm 7/11/19
(19) [View All]
- 28% drop in illegal entry since Trump issued threat to Mexico. Promise kept(Mexico is paying for it) - BaronVonZemo - 8:37pm 7/11/19
- So - no wall necessary, right? [NT]
- LehighND - 1:46pm 7/12/19
- No because we need a lot more than just a 28% drop, but it’s a start. [NT] - BaronVonZemo - 6:55pm 7/12/19
- We need a budget for providing a nice hotel to a million illegals. - NedoftheHill - 6:42pm 7/12/19
- So - no wall necessary, right? [NT]
- LehighND - 1:46pm 7/12/19
- It won't last much longer [NT]
- CC72 - 5:38pm 7/11/19
- You let me down sold everything Dow at 27,259 will it stop going up, what should I do now? [NT]
- PBHangingChad - 11:42am 7/12/19
- Don’t worry, keep buying. It will last forever. [NT] - Frank L - 4:59pm 7/12/19
- Buy now! Its 27232. Then thank CC for your new-found wealth! [NT] - LehighND - 1:40pm 7/12/19
- Based on that I’m selling everything at the open. Thanks. [NT] - PBHangingChad - 6:26pm 7/11/19
- It will if they give 5 yr near-0 rate to Trump. Where else can you park cheap $ except stock market? [NT]
- Eli - 5:54pm 7/11/19
- Well, Trump will be out of office after the 2020 election, then what? [NT]
- CC72 - 7:17pm 7/11/19
- It doesn't matter to whom. The point is the market is pricing rate cut this & next yr. So, if we - Eli - 8:59pm 7/11/19
- Why not waste what little dry powder we have on making Trump look better? - LehighND - 1:45pm 7/12/19
- You think Trump really cares about Wall st? He's forcing Fed to help in his trade war which is for [LINK]
- Eli - 3:38pm 7/12/19
- Setting aside your strategies, please stop with the revenue rising because of the tax cut. - LehighND - 4:30pm 7/12/19
- Strange. You already quoted my "individual income taxes", so you know what I am referring to. But, - Eli - 5:32pm 7/12/19
- I am talking about your causation assertion. - LehighND - 4:56pm 7/13/19
- Strange. You already quoted my "individual income taxes", so you know what I am referring to. But, - Eli - 5:32pm 7/12/19
- Setting aside your strategies, please stop with the revenue rising because of the tax cut. - LehighND - 4:30pm 7/12/19
- The bubble is your friend. Just get out before it pops. Yeah like 2008 real estate. Can’t fix stupid [NT] - PBHangingChad - 1:51pm 7/12/19
- You think Trump really cares about Wall st? He's forcing Fed to help in his trade war which is for [LINK]
- Eli - 3:38pm 7/12/19
- Why not waste what little dry powder we have on making Trump look better? - LehighND - 1:45pm 7/12/19
- It doesn't matter to whom. The point is the market is pricing rate cut this & next yr. So, if we - Eli - 8:59pm 7/11/19
- Cash at 2+ percent until it is time to get back into the market [NT] - CC72 - 7:16pm 7/11/19
- Well, Trump will be out of office after the 2020 election, then what? [NT]
- CC72 - 7:17pm 7/11/19
- You let me down sold everything Dow at 27,259 will it stop going up, what should I do now? [NT]
- PBHangingChad - 11:42am 7/12/19
- 28% drop in illegal entry since Trump issued threat to Mexico. Promise kept(Mexico is paying for it) - BaronVonZemo - 8:37pm 7/11/19