The Fall f the United States, The End

[Eddies66]

Originally Posted by Alan Roehrich

WRONG. The Trump tax cuts created RECORD tax revenue for the federal government, through at least the first year of the Biden crime spree, err, administration, and at least well into the second, despite the pandemic, that the tax payers paid for in advance, with the government illegally funding gain of function research in Wuhan. Interesting the timing of it "escaping" from that lab. And let's not forget that the democrats gleefully jumped on board for all of the "pandemic" spending, and continued it well into 2023, long after Trump left office.

The theory of supply-side economics says the growth from tax cuts is enough to replace the tax revenue lost if the tax rate is above 50% of income. When tax rates are lower, the cuts worsen the national debt without boosting growth enough to replace lost revenue. Reagan and Trump used it and both increased the national debt. Under Trump (2015-2020) the Debt to GDP ratio went from 100% to 129%