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That’s the point. The TCJA reduced income to below what the CBO projections were before it was enacted. That’s how you measure things.You didn’t actually read what you posted The actual amount of tax revenue collected in FY2018 was significantly lower than the CBO’s projection made in January 2017—before the tax cut was signed into law.
CBO reports and budget projections are the basis for budget decisions made by Congress.It’s comparing projections not the actual revenues collected.
Lol, didn’t you just post a link from the GOP Ways and Means?You’re using a site that is spinning its wheels like my cousin Vinny. Almost every single factoid they have up is set up dishonestly.
They used a decline in revenue when using 2018 dollars and other silly metrics. Sorry but use a better source than that please
Anyways, here’s an OECD report:
https://www.google.com/amp/s/www.cn...ped-sharply-due-to-trump-tax-cuts-report.html
NPR, based off Tax Policy Center:
and another analysis:
https://www.thebalance.com/cost-of-trump-tax-cuts-4586645