Biden’s Laughable Spin on the Trump Tax Cuts
The numbers tell a different, positive story that will likely only improve.
In March 2022, the Biden White House issued a statement claiming that “even before the pandemic, the Trump tax cuts had added $2 trillion to deficits over a decade. The deficit increased every year of the previous administration.” Just last month, Senator Elizabeth Warren went further, writing that these tax cuts should be repealed to “close that door before the next $1 trillion slips away.”
The assertion that Trump’s tax policy increased federal deficits is not supported by any substantive analysis. Those who...