U.S._Federal_Revenue_Collection_Forecasts_2018-2025.png
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Summary
Description U.S. Federal Revenue Collection Forecasts 2018-2025.png |
English:
Comparison of U.S. federal revenues for two CBO forecasts, one from January 2017 (based on laws at the end of the Obama Administration) and the other from April 2018, which reflects Trump's policy changes. Key insights include: 1) Tax cuts reduce revenues relative to a baseline without them; 2) Tax revenues rise each year under both forecasts as the economy grows; and 3) The gap is larger initially, indicating larger stimulus effects in the earlier years.
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Date | |
Source | Own work |
Author | Farcaster |
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