Despite the Naysaying, States Benefit from Trump Tax Cuts

from IBD:

States Get A Windfall From GOP Tax Cuts, But Will They Return The Money To Taxpayers?

When Republicans were putting together their tax reform plan last year, a chorus of critics warned that it would devastate state budgets. Like so many other claims, this turned out to be false.

The New York Times reported in November, for example, that “state and local officials in high-tax states like New York, New Jersey and California are warning the tax plan will strain state budgets.”

A “news analysis” in the Washington Post said the tax law would make “it harder for states and cities to pay their bills.” read more

Dems Give no Credit to Trump for Tax Cuts

from IBD:

Tax Revenues Jump 13% To Record High In April — When Will Dems Admit They Were Wrong About Trump’s Tax Cuts?

The federal government collected far more taxes this April than it did a year ago, despite the “budget busting” Trump tax cuts. So, we’ll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month. read more