[daler]

“We are running huge deficits.”

And setting new records in tax revenues.

Seems to be a spending problem.

[DoughtyOne]

Bingo!

[semimojo]

And setting new records in tax revenues.

Not as a percentage of GDP, which is probably the best way to look at it over time.

We're just a little over 16% compared to 19.75% in 2000.

[Crucial]

It is absolutely a spending problem.

[Go Gordon]

“We are running huge deficits.” And setting new records in tax revenues. Seems to be a spending problem.

I thought that too, so I decided to look it up a couple weeks ago. The Trump tax cuts were passed December 22, 2017. The first year implemented was 2018. Here are the federal income tax revenues:

2017 $3.32 Trillion
2018 $3.33 Trillion
2019 $3.46 Trillion
2020 $3.71 Trillion (estimated)

I agree we do have a spending problem, but the income tax breaks did not produce as advertised.

[DoodleDawg]

And setting new records in tax revenues.

What would revenue have been without the tax cuts?

Seems to be a spending problem.

No doubt about it. But if you refuse to address your spending problem then cutting revenue doesn't help.