4 ms·
While the cost side is 100% current, you are woefully incorrect to believe that raising tax rates is a solution to the problem (or that tax cuts caused the pro
by phpisthebest 3y ago
While the cost side is 100% current, you are woefully incorrect to believe that raising tax rates is a solution to the problem (or that tax cuts caused the problem)
Through out the entire history of the US federal tax collections are almost flat hovering around 18% of GDP no matter the make up of tax rates, changing the tax rates changes who pays the taxes, but ultimately it is clear total revenues are pretty flat.
if the government wants more revenue it has to increase GDP not simply "raise tax rates" . At the end of the day any government spending in excess of 18% of GDP is unsustainable
- hotnfresh 3y agoYou and the CBO disagree about whether those cuts added a significant amount to the national debt.