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re: Income tax revenues UP 9%.....lol melt anti tax cut freaks

Posted on 9/17/18 at 9:43 am to
Posted by moneyg
Member since Jun 2006
56689 posts
Posted on 9/17/18 at 9:43 am to
quote:

just realized op's article is over 2 months old

with 2 more months at the new rates, it's already down to +7% y/y, before inflation and with several months at the old rate/base




If it ends up being 0%, you would agree that the cut was good, right?
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 9/17/18 at 9:47 am to
quote:

If it ends up being 0%

pre-inflation? and with spending accelerating?

no, blowing up deficits on the upside of the business cycle is not good
Posted by BlackAdam
Member since Jan 2016
6462 posts
Posted on 9/17/18 at 10:36 am to
Tax cut is good regardless of the effect on revenue collections. What is bad is that nothing is being done to address run away spending.
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