What about ticked up means cut?
- Corporate tax revenue dropped 31% in fiscal year 2018 while personal income tax revenues ticked up 6.1%.
- The deficit for fiscal year 2018, which ran from October 2017 through September 2018, was 17% wider than 2017's.
- The increase in the deficit contradicts Trump and other officials promise that the GOP tax bill would "pay for itself."
- A recent Committee for a Responsible Federal Budget report found that legislation passed in the 2018 fiscal year will account for $445 billion worth of fiscal year 2019's $973 billion budget deficit, or 46% of the total.
- The increase in the deficit will only accelerate in years to come, the Congressional Budget Office warns. The increase is the wrong direction if the president wants to eliminate all of the US's debt in eight years, as Trump promised he would do on the campaign trail.
- If you look at the chart, you'll see that every single Republican administration in a generation saw massive debt increases and every single Democrat administration saw massive debt decreases.
https://www.businessinsider.com/us-budget-deficit-779-billion-highest-since-2012-2018-10
Republicans are the last people that should be in charge of the economy.