>> Interesting thing about the Trump tax cuts was that government tax revenue never declined. The year after they went into effect, Federal tax revenues were hi

>> Interesting thing about the Trump tax cuts was that government tax revenue never declined. The year after they went into effect, Federal tax revenues were higher. > Lookup ‘laffer curve’ for the explanation. Essentially, decreasing the tax rate incentivized more participants into the market and incentivized existing participants too I doubt that was what was going on there. IIRC, the "Laffer Curve" is some neat BS that's mainly useful to sell tax cuts, but all those tax cuts never resulted in the greater revenue the curve predicted. Maybe there's some truth to the curve when effective tax rates are 90%, but that's not the world we live in.