Again Proving the Republican Lie That Tax Cuts Increase Revenues: #GOPTaxScam

An undying tenet of Republican fiscal policy: Tax cuts create more tax revenue.

Despite examples proving the lie of this mantra (Kansas, Louisiana), Republicans continue to push this false philosophy.

The #GOPTaxScam is the latest proof:
After 2 Years, Trump Tax Cuts Have Failed To Deliver On GOP’s Promises (NPR)

In fact, more than 60% of the tax savings went to people in the top 20% of the income ladder, according to the nonpartisan Tax Policy Center. The measure also slashed the corporate tax rate by 40%.

“It will be rocket fuel for our economy,” Trump promised.

Boosters of the tax cut insisted the economy would grow so fast, it would more than make up for the revenue lost to lower rates.

“The tax plan will pay for itself with economic growth,” Treasury Secretary Steven Mnuchin said.

It hasn’t worked out that way.

Related:

Last year, the federal government took in $79 billion fewer corporate tax dollars than it would have before the 2017 #GOPTaxScam took effect

Public News Service

And here’s the Chicago Tribune:

The 2017 tax package was a mammoth fraud that put the GOP’s political priorities and ideological dogma ahead of the welfare of our children and grandchildren. That’s the nature of Trump’s presidency: Even his proudest achievements are cause for regret.

Related:

The Trump tax cut has amounted to nothing but broken promises for the middle class.

Los Angeles Times

Trump’s mental state is deteriorating dangerously due to impeachment with potentially ‘catastrophic outcomes’, psychiatrists urgently warn Congress

A group of mental health professionals led by a trio of pre-eminent psychiatrists is urging the House Judiciary Committee to consider Donald Trump’s “dangerous” mental state arising from his “brittle sense of self-worth” as part of its inquiry into whether to approve articles of impeachment against him.

“We are speaking out at this time because we are convinced that, as the time of possible impeachment approaches, Donald Trump has the real potential to become ever more dangerous, a threat to the safety of our nation,” said Yale Medical School Professor Dr Bandy Lee, George Washington University Professor Dr John Zinner, and former CIA profiler Dr Jerrold Post in a statement which will be sent to House Judiciary Committee members on Thursday.

Independent