Comment

Comment by bhupy

Oh yeah it's definitely debatable if tax revenue would have grown faster in a counterfactual without the cuts, but that debate is orthogonal to the point you were making about "blowing up the federal budget", which is strictly a function of receipts and outlays. If the receipts increased, then the budgets woes are clearly a result of increased outlays.

Federal tax receipts as a % of GDP has been largely flat since WW2:

https://fred.stlouisfed.org/series/FYFRGDA188S

parent bhupy 6 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton