Jason Smith tweeted the following:
"Corporate tax revenues for 2022 are on pace to be higher than the Congressional Budget Office's projection even before TCJA passed.This year, revenues are projected to be nearly $100 billion over what was projected after TCJA passed."Read on Twitter
Here are other recent tweets from Jason Smith:
"Facts continue to destroy Washington Democrats' narrative about the 2017 Tax Cuts & Jobs Act. The tax burden on families and job creators is down, while corporate and individual tax revenues are at historic highs. Total revenues are on pace to be the largest share of GDP ever."Read on Twitter
"Last time inflation was as high as it is today, interest rates were over 10%. In this scenario, interest payments would rocket to $7 trillion per year, and our national debt would hit $75 trillion in the next ten years.It's clear that the national debt is headed for disaster." on May 9Read on Twitter
"If you want to learn more about what rising interest rates mean for our national debt, read my full report here: jasonsmith.house.gov/uploadedfiles/" on May 9Read on Twitter
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