The latest numbers from the Congressional Budget office show that federal revenue is up 22 percent since before the 2017 tax cuts. Both individual and corporate tax revenue is higher than expected, not lower. IPI President Tom Giovanetti and Resident Scholar Dr. Merrill Matthews explain that the right kind of tax cuts stimulate economic growth which results in higher, not lower federal revenue. So with revenue flooding into the federal treasury, it’s clear that spending is the problem, not taxes.
2021_10_14 After the Trump Tax Cut, Federal Revenue is UP