Originally posted by: Boilerman
How did Reagan and Trump cut taxes and both times tax revenues increased. Kevin is proof that most Liberals are baffled how world economics work. Tax rates go down yet revenue goes up! It's magic.
The economy grew, as it has every single year since 1945. The population grew, as it has every year since 1789. Therefore, tax revenues have also increased every year. Giving Reagan or Trump credit for that is like giving them credit for the sun coming up.
Their tax cuts for the wealthy and big corporations were offset by the increased revenue from population and GDP growth.
Here's what baffles you. Tax revenues MUST INCREASE IN PROPORTION TO POPULATION INCREASES OR SERVICES WILL BE CURTAILED. If tax revenues increase, but LESS than the population increases, that's actually a tax revenue decrease on a per capital basis.
The population increases by 2%. Tax revenues would have increased by 2%, but the Turd gave half of the increase to billionaires, so the government lost money.
Which is why government services were slashed under Reagan and Trump.
DUHHH, Boiler.