Let’s not forget Trump’s Tax Law created gushers of federal treasury receipts once his early accelerated deductions expired - these deductions needed to incentivize the reshoring of profits trapped offshore by the tax code. But even during the accelerated deduction early phase of the tax law, Trump’s new treasury receipts still set records every month. Bidenomics killed the treasury receipt gravy train.

The Tax Law cost the government nothing while reducing profit margins due to increased domestic competition.