US Deficit Up 77%, Tax Cuts Not Working, But is it Donald Trump’s Fault!?

The Tax Cut Results are In And It Doesn’t Look Good The data is in, and it doesn’t look good if you’re a fiscal hawk. As reported by CBS, the US deficit is up by 77% compared to the same time in 2018. There are plenty of reasons, but apparently, the decision by Donald Trump’s administration to cut taxes had an impact. Interestingly given that it was marketed as a significant benefit for individuals, revenue from tax cuts was only down 3%. Such a small dip in income suggests that Americans received a negligible tax break. The real winners were

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source https://www.ccn.com/us-deficit-up-77-tax-cuts-not-working-but-is-it-donald-trumps-fault

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