Birdwatch Note Rating
2023-05-26 15:53:10 UTC - HELPFUL
Rated by Participant: D6DC438E9A9A81C2D3790D448806CE700291FD8F437A5D69E97B18ACFE9EA66E
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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