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It is official - President Trump's tax cuts are boosting grrowth and paying for themselves

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It is official - President Trump's tax cuts are boosting grrowth and paying for themselves Empty It is official - President Trump's tax cuts are boosting grrowth and paying for themselves

Post by silvermani Fri Apr 13, 2018 6:16 am

https://www.investors.com/politics/editorials/trump-tax-cuts-revenues-deficits-paying-for-themselves/
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It is official - President Trump's tax cuts are boosting grrowth and paying for themselves Empty Re: It is official - President Trump's tax cuts are boosting grrowth and paying for themselves

Post by confuzzled dude Fri Apr 13, 2018 6:58 am

An excerpt from that very article

Even with Trump's tax cuts in place, federal revenues climb every year as a share of GDP, going from 16.6% this year to 17.5% by 2025. (The post-World War II average for revenues is 17.2% of GDP.)
Unfortunately, spending is on track to climb even faster — going from 20.6% of GDP this year to 23.6% by 2028. (The highest spending ever got under Obama was 24.4% of GDP, and the post-War average is 19.3%.)
This is little short of a disgrace, and shows that Republicans love spending taxpayer money as much as Democrats.

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