Sorry, no the facts totally contradict you.
o
Sorry but you have been shown you were wrong by multiple people.. multiple times. You just refuse to acknowledge facts.
OL, you have all the classic "nuh-uhs" memorized. When tax revenue goes up as people and businesses are paying smaller percentages the only explanation is increased economic activity. Had the rates NOT been reduced that extra money the drove the economic growth wouldn't have been avail and the economy would not have grown.
Yeah.. actually you seem to have the classic talking points memorized. But reality simply disproves you. When tax revenue goes up as people are paying smaller percentages.. yep.. the only explanation is increased economic activity. BUT here is where you go wrong. There can be multiple explanations for that increased economic activity that has nothing to do with the tax increases. Does economic activity increase when taxes go UP as well? Why yes it does sir. In the the early years of Obama's administration..federal revenue as a percentage of gdp (basically the total effect tax rate).. was down to 14.6%... since then it has over fits and starts increased.. taxation increased over the last decade to now about 17%...
BUT THE ECONOMY GREW AS WELL. So your assumption that all growth should be attributed to a tax cut is patently false.
So.. how do you tell. Well first.. you look at what the trend in growth has been over the last few years before a tax cut. then.. you compare that trend with what economic growth looks like after the tax cut. IF growth continues on the same trend as before.. well then you know that the growth is not due to the tax cut. (which is pretty much what happened with the Trump tax cut)
IF on the other hand.. there is a spike in growth.. above that trend.. well the DIFFERENCE between the trend of growth... and actual growth.. MIGHT be attributed to the tax cut.
The fact is.. revenue went up from growth that was right along with the trend before the tax cut. there was little increase above that trend. Therefore... the revenue increase had little to do with the tax cut.
So then you calculate the COST of the tax cut. And you calculate that.. by looking at what revenue would be under the old tax system.. following the trend of growth.
And what the gain in revenue from the extra growth (if any).. above that trend.
What you would find in trumps case.. is that the revenue under the old tax system.. would have been greater... than revenue attributed to the extra growth. In other words.. the small bump in revenue attributed to growth from the tax cut.. did not offset the LOSS in revenue due to the lower taxes.
In other words the tax cut did not pay for itself and increased the deficit.
The write the spending bills.
That's nice and the Senate and the PResident have the power to negate those spending bills and force lower spending if they wish. Or higher spending. Certainly controlling TWO facets of the government.. both senate and president.. have way more power on the budget than simply the house of representatives.
Notice that Obama's trillion dollar deficits dropped under a GOP house
So?
Wait.. so you tout Trumps economy.. huh.. does that mean that the good economy is due to the democrat house then? Somehow.. I think you are going to fall all over yourself on this one.
The reality is that yes.. Under Obama the GOP house helped control spending... AND the tax cuts were allowed to expire.. and that led to decreasing deficits. Under trump..the first two years of presidency there was a GOP house.. and GOP senate.. and spending went UP..and taxes went down..and the deficit increased.
Its just the facts.
