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Trump Corporate Tax Cuts Did NOT Cause the $2 Trillion Biden Deficits

Democrats say the number one reason for the stratospheric budget deficits under Biden is the Trump tax cut of 2017. A major feature of that tax law was to lower the U.S. corporate tax rate from the highest in the world rate of 35% down to a slightly above the world average rate of 21%.

This and other incentive features of the bill brought some half trillion dollars back to the United States. This money was taxed here not in offshore hideaway accounts.

Here are the most recent corporate tax collection totals in billions of dollars:

Does that look remotely like a revenue LOSS to you?

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