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One of the Biggest Lies in Leftist Mythology
EVERY time you hear leftists discuss America’s federal deficit, they’re sure to bring up tax cuts by Reagan, Bush, or Trump. Mainstream media lapdogs will of course nod along as if they’re obviously the cause. However, total tax revenues have all increased in the years following these cuts. It’s overly simplistic to claim tax revenues are only a factor of rates; however, the tax base always changes from the resulting economic effects and changes in taxpayer behavior. Take a look at the graph below if you don’t believe me. The only dips were small temporary blips as a result of the 2008 banking crisis and the Covid plandemic. The massive deficits we’ve had over the past half century have ALWAYS been a result of the federal government increasing spending by an even higher amount than the tax revenue increases. Still, the media and leftist politicians continue to push the tax-cuts-are-to-blame mythology. These statements are not misleading, distortions, or mistakes. Anyone doing two minutes of research could see that. These are BALD-FACED LIES! Reagan is constantly blamed for deficits, but his tax cuts led to an economic boom in the 1980s that was so successful they doubled revenues dispite cutting rates by about 2/3rds. However, he did put through huge defense spending increases and didn’t have much success cutting domestic spending with Democrats controlling both houses of Congress, so we still had deficits. Trump, Bush, and JFK have all increased revenues through their own cuts but failed to cut spending.
So, don’t fall for it! Challenge any dishonest politicians and media talking heads who push this garbage. It’s all part of the Divide-and-Conquer agenda. Anyone who speaks this nonsense should never be taken seriously as a leader.
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On the Nemo “just keep spending”.
Some politician note answered the question that they would tax tax tax spend spin spend elect elect elect
Most the time I vote ABTI – anybody but the incumbent.