As the Democrats grasp for any straw to prove the GOP tax cuts are bad for America they claim that the growth in the deficit is a direct result of Republican tax policy.
NOPE.
Do the math.
As Investor’s Business Daily reports, tax revenue actually increased $19 billion over the previous year: prosperous companies hired more workers…who paid more taxes.
But, they say, the federal deficit went up $224 billion from last year.
Yeah – but SPENDING WENT UP $243 billion compared to the previous year.
Republican tax-cuts result in higher revenue…but spending creates higher deficits.
DO.
THE.
MATH.