(08-02-2018, 07:21 PM)mikesez Wrote:

(08-02-2018, 05:33 PM)B2hibry Wrote: It’s not only plausible but absolute, as a reduction in max tax base (tax cuts) creates a causal effect of increased revenue. Look at this historical chart and you can see the correlation of the two data sets. Outside of climbing out of deep recessions, tax cuts cause growth, thereby revenue. FYI, we are of a few countries to include inflation adjustments within tax tables so your inflation points have little meaning. Not often we let it lag. Also, revenues for 2018 are ahead of pace for early estimates of $3.34 trillion and pushing 2019 estimates over $3.42 trillion. Now, with that said, it is usually customary to increase taxes during a strong economy and decrease during a weak one. Something will need to give for long term sustainability and most likely the first thing we’ll see is increased interest rates.

The correlation is not absolute, and even if it was, would not imply causation.

You are correct that our tax brackets update based on inflation, and correct that this is a good thing, but that doesn't change that the fiscal office reports from our treasury department, that I linked to, are given without any inflation adjustment.

The part in bold is exactly right, and exactly why Trump's tax cut is unlikely to have the positive long term effects that others had.

Well I tried, but you are ignoring history, facts, and basic economic principles. I applaud you for attempting to find the data points but you must understand it to use it as a debate point. No matter how many people point out your errors, you keep struggling on. So be it.

FYI, not sure what you mean by “others” but there hasn’t been much in the way of long term success in the modern economic climate. I sure wouldn’t attempt to grasp at the last two Presidencies as positive fodder. In fact they both tried tax cuts in addition to stimulus packages and corporate bailouts. The outlier in the last seven or so was Clinton thanks in part to tech innovation and even then it cooled mid Bush.

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