Birdwatch Note Rating
2023-05-25 07:04:18 UTC - HELPFUL
Rated by Participant: ACCF4A514E40BB3DFE348CD45245CCF09031A17589A43D8ACB83531ED31FC9AD
Participant Details
Original Note:
Extending the current tax rates (ie NOT raising taxes) does not and can not "add" to the defecit. Only continued deficit spending can do that. Federal tax revenues have been flat or increased YoY since the 2017 tax cuts. The tax cuts did not result in lost revenue. https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/
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