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Old 03-10-2017, 04:14 PM
 
Location: Texas
2,707 posts, read 1,313,776 times
Reputation: 2476

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171 billion dollars collected last month.

192 billion dollars in deficit spending

363 billion in total spending

https://www.fiscal.treasury.gov/fsre...mt/mts0217.pdf

Three times revenue increased after tax cuts | Washington Examiner

The magic potion is to cut taxes as after each of the last three times, when taxes were cut and revenue increased.
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Old 03-10-2017, 04:18 PM
 
Location: Houston
21,019 posts, read 10,647,121 times
Reputation: 8230
Quote:
Originally Posted by lovecrowds View Post
171 billion dollars collected last month.

192 billion dollars in deficit spending

363 billion in total spending

https://www.fiscal.treasury.gov/fsre...mt/mts0217.pdf

Three times revenue increased after tax cuts | Washington Examiner

The magic potion is to cut taxes as after each of the last three times, when taxes were cut and revenue increased.
If we cut taxes by 100% how would revenue increase?
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Old 03-10-2017, 04:19 PM
 
Location: Downtown Phoenix, AZ
15,832 posts, read 5,416,245 times
Reputation: 4643
Quote:
Originally Posted by lovecrowds View Post
171 billion dollars collected last month.

192 billion dollars in deficit spending

363 billion in total spending

https://www.fiscal.treasury.gov/fsre...mt/mts0217.pdf

Three times revenue increased after tax cuts | Washington Examiner

The magic potion is to cut taxes as after each of the last three times, when taxes were cut and revenue increased.
The laffer curve is BS. It's why revenue fell under Raygun
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Old 03-10-2017, 04:55 PM
 
Location: Houston
21,019 posts, read 10,647,121 times
Reputation: 8230
The Keynesian Multiplier effect does not work either way. Tax cuts do not pay for themselves.

Cut spending!
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Old 03-10-2017, 05:07 PM
 
1,061 posts, read 1,249,335 times
Reputation: 972
I thought the debt was in freefall thanks to Trump?
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Old 03-10-2017, 05:16 PM
 
Location: Warrior Country
4,578 posts, read 5,139,240 times
Reputation: 3920
Quote:
Originally Posted by bcattwood View Post
I thought the debt was in freefall thanks to Trump?
This Feb. 2017 budget is what Trump inherited Einstein.

Obama spent like a drunken sailor (or a Community Organizer).

Trump will get a meat cleaver out. (looks like Section 8 is going to get big *ss cut....or eliminated). That's a start.
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