I don't see any less spending than what Obama did. And Trump's tax cuts increased Federal revenue, not lowered it, due to the increased business activity. We have a spending problem, not a revenue problem. And please don't try to put the virus on Trump. If lock downs worked then surely they would have squelched the virus in Democrat run states. Have they?
Talk about stupid arguments!!!!!!!! This is a doozy!!!!
Last 2 years under Obama federal revenue grew from $3.02 trillion in 2014 to $3.27 in 2016 without any tax cut.
Under Trump, revenue in 2017 BEFORE the tax cuts took effect, revenue was $3.32 trillion, and was $3.46 in 2019 BEFORE any COVID issues
So how in the hell can ANYONE of sound mind claim that the tax DEFERRAL(not a real tax cut) increased revenue????
Do you just automatically believe EVERYTHING FOX or Trump claims????? This BS you call knowledge is so easy to check.
And you really need to check actual GDP growth to determine business activity, not corporate profit. The Trump Tax Deferral put your tax dollars DIRECTLY into the bottom line of corporations and the wealthy, and they are NOT paying higher wages in any measure that comes close to what they were given. Do you comprehend that when the rich pay a lower percentage of the debt it means that the less rich MUST pay more unless the government spends less??????
And because the government spent more, and corporations and the wealthy are paying a lesser percent, you not only need to pay more of the national debt from the past, and a higher % of the annual deficit every year.
Some idiots think that 2.3% growth under Obama was awful, and then claim that under Trump, the same 2.3% is a 'booming economy' because FOX, and Limbaugh tell them it is and the lemmings follow because they relate to Trump so well.
It is soooooooo easy to check these things before proving PUBLICLY to be ignorant, and a lemming.
The federal government generates tax revenue through sources like income and corporate taxes. Learn how much tax revenue the U.S. generates each year.
www.thebalance.com