(01-31-2019, 11:27 AM)MalabarJag Wrote:

(01-31-2019, 07:25 AM)The Real Marty Wrote: I don't think the tax cuts increased revenues at all.   Revenue in 2018 was barely more than revenue in 2017.  Barely.   

One of the main selling points for the tax cuts was that it would cause enough economic growth that the increase in tax revenues would cut the deficit.   It did not do that.  

We cannot cut the deficit without fixing spending, and no one seems to want to do that.  And as far as the dems controlling the house, the Republicans had a majority in both houses for the last 2 years.  

Trump promised to fix the deficit.  He's made it worse.

No, the claim by some supporters was that the effect of tax cuts would cover the loss in tax revenue from the cuts. Since there was not a revenue drop, that was true. The main purpose of the corporate tax cuts was to slow or stop the bleeding of industries moving to other countries, and had nothing to do with revenue. Because of that it was a worthwhile decision even if it caused a decrease in revenue. Corporations that moved to (say) Ireland would pay ZERO corporate taxes to the US government.

Note that many left wing economists (as well as the Congressional Budget Office) predicted that the tax cuts would hurt revenue. They were wrong.