Carcounter wrote: ↑Tue Aug 21, 2018 10:13 am
Just another anti-Trump rant, what else is new. Don't agree that the tax cuts are unhealthy and only benefit the rich, but agree that the casino industry in AC is in for another round of closures. Read somewhere that overall July revenues were up in AC from 2018 to 2017, but each existing individual casino's revenues were down. No surprise.
notes1 wrote: ↑Tue Aug 21, 2018 10:57 am
according to usgovernmentrevenue.com, total federal tax revenue collected since tax cuts, is HIGHER than before tax cuts. a growing economy is the reason.
total fed, state, local taxes collected for 2018 is predicted $6.21 TRILLION, which is also overall higher than 2017.
we do not have a revenue problem, but rather a spending problem.
No it is not "just another anti-Trump" rant, although at this point the fact that there are still people like yourself apparently who express or perceive NO qualms or problems or angst about the completely horrible and pathetic job he is doing, his persona, his blatant disrespect for an ever growing list of people, places, institutions and the very country he is supposed to be leading is itself disconcerting. When the next severe, massive recession hits no one will be able to blame Obama despite the pathological need to do so.....it will be abundantly clear and obvious what is going on.
notes1, nice example of wishful thinking and obliviousness.....don't even discuss revenue until the year ACTUALLY and verifiably ends, because all you are doing right now is cherry picking certain PREDICTIONS (i.e. Guesses) that you find agreeable to your bias in favor of the (dangerously uninformed) narcissist currently in office.....I defy you to try and deny he is a narcissist. Government revenues always spike after April until Mid summer since that is when people pay their taxes, duh. And yes, its true the fact the economy has been growing very steadily and robustly since BEFORE TRUMP took office, this also has helped revenue in an obvious fashion, but it is NOT because of these irresponsible, unwise tax cuts.
Your glib observation "We don't have a revenue problem, we have a spending problem" is of course, half right. (Did you come up with this pithy maxim yourself?

) The fact is we HAVE BOTH revenue and spending problems which, as two SYMPTOMS, combine to manifest the actual deadly disease at hand, which is for the past 50+ years the United STates Government, particularly the Congress, while alternating control between BOTH parties throughout this time period, has refused to behave and react in a responsible moral fashion, repeatedly acting in a selfish manner kicking the can down the road in their individual & collective beliefs that they themselves will be dead and gone by the time it truly becomes a full blown crisis that cannot be put off any longer.....this is a characteristic and guilt that Both parties, democraps & repugnentcants, share in spades. But the most current and overweening example is Trump's irresponsible and absurd tax cuts. The predictions (guesses) you are citing will have no providence once the current year is done and you see the actual real revenue tallies, and you will see that the overall comprehensive Fiscal Deficit borne by the Federal Government for THIS year of well over a TRILLION dollars will be but the start of a sustained series of Multi-Trillion dollar deficits for the foreseeable future, unless the tax cuts are undone.
Don't tell me you are unaware of Trump's personal business record, of his NUMEROUS Corporate bankruptcies and his persistent, repetitive perpetration of incurring massive debts he had absolutely no intention of ever paying off. He is doing the same now to his latest corporate vehicle, the US Government, confident in his belief that He will be long gone when the True Bill comes due.
And if you insist on just going with the simpleton's belief that it is "only" a spending problem. kindly note just what exactly can be done/reduced/restructured vis-a-vis all this spending by the US Government, keeping in mind that the 22 Trillion (and climbing FAST) DEBT must be paid back at some point by someone.