Man
@Dionysus444 the CBO just destroyed any democrat talking points on taxes.
"The numbers make it clear that the underlying driver of deficits is abnormally high spending rather than abnormally low levels of taxation.
Democrats argue among themselves about how many
trillions of dollars to spend, a new report from the Congressional Budget Office has significantly undermined one of the key arguments they are using to justify their
fiscal recklessness.
At the heart of the liberal disregard for fiscal restraint is the idea that because Republicans passed the Trump tax cuts in 2017, passing a raft of new social-welfare programs now is perfectly responsible. While it is undeniable that Trump-era Republicans were profligate, it’s worth noting that at the time of passage, the CBO
estimated that the Trump tax cuts would increase deficits by $1.5 trillion over a decade. In March, Democrats passed a $1.9 trillion package billed as “COVID relief” and didn’t bother finding a way to pay for it. So even before setting out on their current spending push, Democrats already passed legislation that exceeded the Trump tax cuts.
This week, CBO further undermined the attempt by Democrats to blame tax cuts for our fiscal woes by revealing that in the 2021 fiscal year that just ended in September, federal tax collections soared. Specifically, this past year, the government collected $4.047 trillion in tax revenue, with corporate tax collections jumping 75 percent as the economy reopened. What’s amazing about that number is that in June 2017, the
CBO projected that the government would collect $4.011 trillion in revenue in 2021. In other words, in the most recent fiscal year, the government raised $36 billion more than was expected
before the Trump tax cuts were passed."
Again..DUMPING MONEY ON PROBLEMS WITHOUT UNDERSTANDING HOW TO BALANCE A CHECKBOOK