After 2 Years, Trump Tax Cuts Have Failed To Deliver On GOP's Promises
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Deficit for Tards
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Date: December 22, 2019 09:44AM
Only about 14% of those surveyed by Gallup believe their taxes went down. (That figure includes 22% of Republicans, 12% of Democrats and 10% of independents.)
The federal deficit this year was $984 billion — an extraordinary figure at a time when the country is not mired in recession or widespread war.The tax cut also failed to produce a permanent boost in economic growth, despite promises from Republican supporters. "After eight straight years of slow growth and underperformance, America is ready to take off," Senate Majority Leader Mitch McConnell said when the tax cut passed two years ago.
In fact, the economy grew 2.9% last year — exactly the same as in 2015.