The conclusion from this think tank points the finger at the reason for the US growing debt to income deficit. If any disputes this analysis, they should, or forever hold their peace, put up or shut up. With the Trump campaign hard up for cash and a willing bunch of wealthy devoted to low taxes for them, and not for others, what does Trump do? He pledged not to roll back the tax cuts he enacted to the rich, which never stimulated enough income for the treasury to pay for them. FYI conservatives: Trump doubles down on what drove the deficit and what will continue doing it.
Concludes the analysis by Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio - Center for American Progress "A series of massive, permanent tax cuts have created large federal budget primary shortfalls and continue to exert upward pressure on the debt ratio. In other words, the current fiscal gap—the growing debt as a percentage of the economy—stems from legislation that cut taxes, disproportionately for the very rich. While it is true that the Great Recession and legislation to fight it, along with the costs of responding to the health and economic effects of COVID-19, pushed the level of debt higher, these costs were temporary and did not change the trajectory of the debt ratio. If Congress wants to decrease deficits, it should look first toward reversing tax cuts that largely benefited the wealthy, which were responsible for the United States’ current fiscal outlook."
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