change, but you CAN calculate the mathematical impact based on a set of economic projections/variables, hold those constant while changing the tax rates, and calculate an estimated impact.

And you most certainly CANNOT simply look at the change in tax revenues year to year and if they didn't go down, declare that the tax cuts didn't "cost" anything. That's mindnumbingly stupid.

As I posted below, absent a major recession, tax revenues increase pretty much EVERY due to economic growth, inflation, job growth, etc. The average increase in tax revenues for the last 8 years was 5.5%. In 2018 it was 0.3%. That's a HUGE reduction in the rate of revenue growth.

The projections by the CBO didn't assume tax revenues would go down by $150K per year and then calculate the impact as $150K x 10 = $1.5 billion. They calculated the amount that tax revenues would go down from the baseline assumption given a set of economic growth assumptions. Very clearly the amount of tax revenue collected (at 0.3% growth) was impacted by the tax cuts unless you want to make an argument that we would have been thrown into a deep recession in 2018 without the cuts.



[Post edited by BocaHoo91 at 06/11/2019 10:40AM]