Why would deficits be bad for Republicans? It triggers auto-cuts in some departments and gives them an excuse to propose cuts in public services because “spending is out of contrrrolllll!”
It’s like what started the yellow vest protests in France. Macron cut taxes on the rich then said “oh no, now we have to cut services and tax diesel to balance the budget due to a mandate we created ourselves.”
Tax revenue wouldn’t be increasing if we hadn’t implemented the tax code changes as we would be in the midst of a recession based off of all historical data and the length of this acceleration. Why can’t people understand the economy is dynamic?
Before the corporate tax code change, companies were literally fleeing the country. The tax revenue from a company not in the US is $0.
Agreed we should cut government spending to reduce the debt.