Why is the slope of the red dotted line so strong? I'm confused by how it's so steep. If you were to flip the blue line where the red line starts, it's not even that steep. Are they saying the tax cuts destroyed tax revenue producing jobs in addition to lowering revenues?UNI88 wrote: ↑Thu Jun 01, 2023 4:48 pm
Au contraire mon frère, cutting taxes can also lead to an increase in the debt. Not all tax cuts stimulate the economy enough to pay for themselves.
Did the 2017 tax cut—the Tax Cuts and Jobs Act—pay for itself?
Late edit: Were other tax cuts supposed to expire at that divergence point because that slope is definitely decreasing and the BAM!