The dollar generally rising later. VAT taxes are efficient, up to a point. The corporate tax cut was efficient.
By 2019 the Swamp was causing liquidity disruption. Velocity drops low enough that forward budgeting does not work. We went through the period of a inverted yield curve and liquidity disruption.
Keep the VAT tax, give it to Treasury. Keep the corporate tax cut. Increase capital gains taxes and spend more on tax collection. Let the federal government have the bulk of top end progressive income taxes.
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