Earlier quoted context omitted.
What’s interesting to me is that the federal tax cuts passed last year cost around $150B a year. I know you may not support this either, but that would pay for the construction of 1 and a 1/2 HSR’s a year, even with the cost overrun. Reminds me of PG’s essay about how it’s easy to loss lots of money on bad investments, even for people who are normally frugal on luxuries.
Tax rates were cut; tax revenue was not. The federal government is expecting $26 billion more in tax revenue than in 2017.
[1] http://www.crfb.org/blogs/tax-bill-did-not-cause-revenue-ris...