35 ms·
To be fair, I'm not convinced that reducing taxes actually reduced revenue. Inflation-adjusted revenue has essentially been monotonically increasing: https://ww
by bhupy 6y ago
To be fair, I'm not convinced that reducing taxes actually reduced revenue. Inflation-adjusted revenue has essentially been monotonically increasing: https://www.taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary https://www.taxpolicycenter.org/statistics/federal-receipt-a...
Federal receipts as a % of GDP has basically been flat since WW2: https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/FYFRGDA188S
If the Republicans have sought to "starve the beast", I'm not convinced they've even done a good job of that.