Anonymous
Anonymous asked in Politics & GovernmentPolitics · 12 months ago

So Trump's misguided tax cuts for billionaires weren't paying for themselves after all?

Hello, recession.

14 Answers

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  • 12 months ago

    hmmmm, trumps tax cuts cut 1.5 billion in tax's

    but tax receipts went up over 24 billion after the tax cuts

    now bu=y my math, 24 is much greater than 1.5

  • Elliot
    Lv 7
    12 months ago

    Nobody expected that they would, except for his most gullible followers.

  • Anonymous
    12 months ago

    Are you joking? Tax revenues still increased once we cut taxes according to the CBO. In 2017, the revenue was 3.32 trillion. In 2018, it was 3.33 trillion. In 2019, it's estimated to jump to 3.44 trillion after the year is complete. In 2020, that estimate goes to 3.64 trillion. Do you know why revenue doesn't drop? When you cut taxes, you create things such as jobs and investment. When you create jobs and investment, you get more taxable income, as opposed to just trying to strangle the same people for what they have now, killing jobs and investment, and thus taxable income, in the process. An expanding economy = tax revenue.

    And what recession? You people think every time the stock market has a dip, like it always does, a recession is coming. Anyone who has seen the chart of the DOW, for example, that is larger than one year knows that it's normal. The DOW is already back up to 26,000+. In one more good week, it will be setting records again, which is why the fed is contemplating not even cutting rates again. Trump is doing all of this even WITH interest rates. Obama had zero interest rates almost his entire presidency in comparison to Trump. The Fed handled Obama's economy with kid gloves and Obama STILL failed.

  • Anonymous
    12 months ago

    Are you leftists thinking that if you say recession enough, it will happen? Good to see you "patriots" love the US so much that you pray for recessions.

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  • 12 months ago

    Typical liberal. Hoping for a recession. How sad.

  • Sam
    Lv 7
    12 months ago

    We are heading for a bankruptcy.

  • Anonymous
    12 months ago

    Hello recession? The US economy is the strongest in the world at this point.

  • horst
    Lv 4
    12 months ago

    Same thing happened when Reagan cut taxes...and Bush. Nothing new or different here.

  • Toast
    Lv 7
    12 months ago

    Please, tell us all about your economic knowledge.

  • 12 months ago

    You fall for all left wing propaganda. Don't you?

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