Strongest Arguments for Tax Cuts

Question 1

What did the average American family see with Trump’s tax cuts?

Answer 1

Lower effective tax cuts (especially families earning under $100k)

Question 2

Which families especially saw lower effective tax rates with Trump’s tax cuts?

Answer 2

Families earning less than $100k

Question 3

Corporate tax cuts = _________?

Answer 3

Job growth

Question 4

___________ = job growth

Answer 4

Corporate tax cuts

Question 5

What was the result of Trump bringing the corporate tax rate down from 35% to 21%?

Answer 5

It made companies bring their money back to the U.S. and spend it here (repatriation)

Question 6

What did Trump’s tax cuts do to the GDP?

Answer 6

They made it grow higher than CBO projections from before the cuts

Question 7

How did Trump’s tax cuts contribute to record low unemployment?

Answer 7

They contributed to a business-friendly climate that supported job growth

Question 8

What did Trump’s tax cuts mean for small businesses?

Answer 8

They paid less in taxes, so they had more money to grow their business, hire people, or buy equipment

Question 9

What does “Despite cuts, total tax revenue rose in the first couple years due to economic expansion” mean?

Answer 9

It means that even though all these people and companies were paying less in taxes, more tax money was collected overall because of economic growth