Originally Posted by logtroll
Originally Posted by CPWILL
Respectfully, that is not a fact. That is an assessment which depends upon assumptions, some of which may - or may not - be valid. An example of a fact would be the fact that Revenues went up, even as the Deficit did.
Respectfully, that is not a fact. Revenues did not increase. They decreased, in spite of the new revenues from tariffs.

Quote
A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is technically true that fiscal year (FY) 2018 nominal revenue is higher than FY 2017 nominal revenue, revenue has fallen by more meaningful metrics. It has fallen in nominal dollars when comparing tax year to tax year and has fallen in real dollars and as a share of GDP under any scenario. Focusing specifically on revenues raised under the new tax code, revenue has declined by between 3.5 and 8 percent.
CRFB

Respectfully, it is a fact, which is why even your own source makes the argument "okay, technically, nominally, yes, revenue increased, BUT.....".

Certainly they weren't cut deeply, as is being suggested by those who claim that nominal marginal rate reductions are responsible for large increases in our annual deficit (when the actual driver of that is our increased spending).

Federal Tax Revenue By Year:

FY 2019 $3.44 trillion (estimated)
FY 2018 $3.33 trillion
FY 2017 $3.32 trillion
FY 2016 $3.27 trillion
FY 2015 $3.25 trillion
FY 2014 $3.02 trillion

The Treasury records revenue increasing, the Office of Management and Budget records revenue increasing....

and that is a fact (shrug), though your source wishes to claim that - though technically true - that fact can be interpreted through different lenses to bring out mitigating factors.

Winter Is Coming