#TrumpTaxCuts 🧐Interesting why people view but do not subscribe 🥺Economic impact

– Decrease in revenue: Corporate tax revenues fell by 31% in the financial year 2018, marking the largest decline since 1934, excluding recessions.

– Increase in deficit: Tax cuts contributed to a revenue deficit of $430 billion in 2018–2019 compared to projections before the TCJA.🔥

– Claims of growth: Supporters argue that tax cuts spurred economic growth and narrowed income gaps, but independent analyses found that they failed to offset themselves through growth.⚡