Revenues (from any source) did not increase because of the tax cut. Revenues increased in spite of the tax cut. I explained that the cause of revenue increase was GDP growth that happens every year. There is GDP growth in years without tax cuts. Tax revenues increase those years. I'll make it simple. Tax revenue increased every year after the Great Recession, regardless of whether there was a tax cut. Tax cuts do not create revenue increases.
That is a truth that is pretty well-settled.
So please get it out of your mind that the Trump tax cut caused an increase in tax revenue (as compared to what tax revenue would have been without the tax cut).
Replies to: "I am talking about your causation assertion."
- 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