**”Jobs Act. It cuts the corporate tax rate from 35 percent to 21 percent beginning in 2018. The top individual income tax rate drops to 37 percent. It doubles the standard deduction, and eliminates personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025. But it won't stimulate the economy enough to make up for lost tax revenue.”**

That’s odd because Trump is reaching 3% annual growth this year and tax revenues have went up since the tax cuts.

**”According to the Laffer curve, tax cuts only do that when the rates were above 50 percent. It worked during the Reagan administration because the highest tax rate was 90 percent.”**

That’s wrong, the Laffer curve doesn’t have a defined point.

Marginal tax rates for the highest under Reagan were 70% before he cut them. Secondly inflation adjusted tax rates were around 20%. America had NEVER had a tax rate as high as 90%. Inflation adjusted the highest is 70% and the effective tax rate as the highest is 45%. Which is the highest it’s ever been for the top tax rate.

**”In addition, military spending must also be cut. Obama spent $770 billion in FY 2017. Instead of cutting, Trump added $40 billion. In FY 2019, he asked for an additional $20 billion, taking total military spending to $886 billion. “**
Why military spending, not social security or Medicare which takes up more of the budget? Unlike under Obama, Trump wants the military at tip top shape

In other words the article is complete propaganda and lies @Jack H.

Tax revenues have gone down as a % of GDP though

Irrelevant method to see

it’s because the gdp is growing fast

But still important

They went down during Obama too

not especially, all that matters is tax revenue is going up

yeah it’s not a good method to see

for example if the GDP grew fast. It would go down

But in reality the receipts have increased

But fast growing GDP increases tax revenue

true but only until a certain point, because revenues don’t always keep up

it’s misleading

But only if the new GDP is in a sector not taxed normally

The article also says Obama increased tax revenue which is true, but he also extended the tax cuts

which contradicts what they said about tax cuts

Nominal rev increased as recession ended

Gtg

ye

Cortez and Bernie are wrong when they say “if a 90% tax rate has been achieved, 70% will work”

shut up rednecks

The moment they raise it to 70% it’s done , economy will crash

shut up rednecks

But a 90% top tax rate has been achieved

shut up rednecks

especially @Colonel Sanders™

he told me he has sexual relations with his dog

Troll @w e e b

Someone needs to give you the libgay rank!

im not

I've noticed it's always the libtards who troll and cause shit.

im here to call out my friend @Colonel Sanders™

But you said shut up rednecks to everyone?

this is just really gay

keep you policitcal view to yourself

Saying shut up rednecks isn't a political view it's an insult.

> friend

You're saying conservatives are all rednecks.

ok im out