That was the message from the White House yesterday: The red ink is surging because of Republican “trickle down” tax cuts, not the Biden $6 trillion spending spree. The White House statement declares that “Republican tax cuts are responsible for 90% of the debt (sic).”
Too bad almost no Americans agree with this narrative. When asked by Gallup last year whether the amount of federal income tax they pay is too high, too low, or just right: only 4% said that taxes are too low. Six of ten Americans say their income taxes are too high.
Meanwhile, this chart from our friends at the Heritage Foundation proves definitively that it’s the massive spike in spending, not any shortage of tax revenues that caused the debt crisis in Washington.