Doc1
Gold Member
Revenues have very little to do with tax rates.Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January
If leftists didn't govern to RESTRICT growth of GDP -- THEY could spend a bit more too..
But you're right. One of things I detested about Trump in the campaign was his complete dismissal of deficits and debts. He said multiple times -- "we should take on MORE debt".. That's why I'm an active member of the Libertarians. Tired of the irresponsible fundamental fiscal mgt.
However --- with 25% of budget covering the bleeding from Medicare and SS deficits and another 20 to 30% just paying interest on the EXISTING debt --- ANY president is gonna run deficit budgets right now. If you're honest -- you'd have to agree. And the legacy of those things goes back 30 years or more. So I refuse to play partisan politics on something that inept, corrupt and aggregious. It's does nothing but Putin's work for him..
What affects revenues the most is the condition of the economy. This is another secret from which your propagandists divert your attention.
Arguing over whether tax cuts or tax increases affect revenues is a fool's game.
Here's a simple proof.
If you believe tax cuts increase revenues, then why not cut tax rates to zero?
Thus it is made clear that at some point tax cuts are harmful to revenues. Therefore, arguing for more and more tax cuts becomes destructive at some point.
If you are an "all tax cuts are good" kind of person, then you are a rube who has allowed yourself to be led off the reservation.
Conversely, if tax rates were 100 percent, then everyone would stop working.
Thus it is made clear that at some point tax hikes are harmful to revenues.
You are kept from thinking this way in order to prevent you from noticing tax expenditures are what's fricking killing us, NOT TAX RATES.
"If you believe tax cuts increase revenues, then why not cut tax rates to zero?"
Illogical extreme.
"If you are an "all tax cuts are good" kind of person, then you are a rube who has allowed yourself to be led off the reservation.
Conversely, if tax rates were 100 percent, then everyone would stop working.
Thus it is made clear that at some point tax hikes are harmful to revenues."
More illogical extremes AND talking out of both sides of your mouth. NOBODY advocates NO taxation.
Tell me, if you LOWER tax rates do you decrease "revenues"?
The Gop's theology is that tax cuts are always good. It is what it is.
Perhaps they'd raise soc sec and medicare taxes
Show me where ANYONE in Gov advocates no taxes.