CBO: Trump Tax Cuts are Boosting Growth and Paying for Themselves

[Weatherman2020]

I WAS TOLD THIS WAS IMPOSSIBLE:

Congressional Budget Office: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves.

“Last June, the CBO said GDP growth for 2018 would be just 2%. Now it figures growth will be 3.3% — a significant upward revision. It also boosted its forecast for 2019 from a meager 1.5% to a respectable 2.4%.”

 

[william the wie]

This will be hurt by the crash of the blue wall so don't plan on it too much since the bad signs have stated to go hyperbolic.

 

[Dont Taz Me Bro]

So why are we headed for a $1 trillion deficit this year?

 

[CrusaderFrank]

I WAS TOLD THIS WAS IMPOSSIBLE:

Congressional Budget Office: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves.

“Last June, the CBO said GDP growth for 2018 would be just 2%. Now it figures growth will be 3.3% — a significant upward revision. It also boosted its forecast for 2019 from a meager 1.5% to a respectable 2.4%.”

Armageddon dead ahead!

 

[Weatherman2020]

So why are we headed for a $1 trillion deficit this year?

Uh, because they spend more than they earn?

Obviously economics is not your strength.

 

[depotoo]

So why are we headed for a $1 trillion deficit this year?

Uh, because they spend more than they earn?

Obviously economics is not your strength.

Wait a second, they earn nothing that they spend.

 

[Weatherman2020]

So why are we headed for a $1 trillion deficit this year?

Uh, because they spend more than they earn?

Obviously economics is not your strength.

Let me help you.

Let's tax everyone 95% with no deductions.

What will happen to the economy?

 

[william the wie]

So why are we headed for a $1 trillion deficit this year?

the pork in the omnibus spending bill.

 

[RWNJ]

So why are we headed for a $1 trillion deficit this year?

Here.
The Cost of Illegal Immigration to US Taxpayers | FAIR

Educate yourself. Your ignorance is offensive.

And Illegal immigration is just part of the problem. Those figures don't include Obamacare. And liberals have never met a spending bill they didn't like.

 

[Weatherman2020]

It's the economy, stupid.

 

[TyroneSlothrop]

So why are we headed for a $1 trillion deficit this year?

GOP Has Been Playing Us For Suckers on the Deficit
April 15, 2018 at 9:41 am EDT By Taegan Goddard
Stan Collender: “Think about this. The same congressional Republicans who over the previous eight years wanted everyone to believe they were fiscal conservatives hell bent on balancing the budget and not increasing the national debt, sponsored, passed and then danced around the fire because of legislation that will result in a permanent $1 trillion deficit and a debt that will soar to close to 100 percent of GDP by 2028.”

“And…House and Senate Republicans were enabled by a GOP president who during his campaign said he would eliminate the deficit and completely pay off the debt.”

The GOP plan to solve the problem they created is to destroy Social Security and the Social Safety net ..

 

[ThisIsMe]

So why are we headed for a $1 trillion deficit this year?

Uh, because they spend more than they earn?

Obviously economics is not your strength.

That right there is a big problem. The people need to stop thinking that government is a money generating entity. The government doesn't earn anything.

The correct statement would be " because they spend more than they take from the citizens". This statement should bother people to no end.

The fact that government is taking your money and spending it on projects that you neither approved or, nor, in most cases, had no knowledge of. Then, they overspend your money, and rack up debt that we as Americans have to pay in the form of increased taxes.

Our government is not earning anything, it is generating debt on the backs of every taxpayer.

What do you think happens if our government goes belly up? Nothing to them, but it ruins the lives of millions of Americans.

You dont think that if the country started struggling financially that our government wouldn't start cranking up taxes to 70%, 80%, or higher? Of course they would, and rightly so, because somehow, the economy would have to stabilize, and the only way to do it would be through cash infusion. The federal reserve would be no help. It would be you and me and every other tax payer. The sad thing is, from what I understand, none of the money paid in taxes each year actually goes towards the debt, most of it is foreign aid, healtg care, and welfare programs, and military.

Kinda sad to know that all the tax you pay each year has almost no impact on the u.s. debt.

Makes you think differently about our government doesn't it?

 

[AntonToo]

I WAS TOLD THIS WAS IMPOSSIBLE:

Congressional Budget Office: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves.

“Last June, the CBO said GDP growth for 2018 would be just 2%. Now it figures growth will be 3.3% — a significant upward revision. It also boosted its forecast for 2019 from a meager 1.5% to a respectable 2.4%.”

Nowhere does CBO say that tax-cuts is what caused +1.3% GDP growth added on to the forecast.

 

[AntonToo]

So why are we headed for a $1 trillion deficit this year?

Directly from CBO report:

The deficit that CBO now estimates for 2018 is $242 billion larger than the one that it projected for that year in June 2017. Accounting for most of that difference is a $194 billion reduction in projected revenues, mainly because the 2017 tax act is expected to reduce collections of individual and corporate income taxes.

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53651-outlook.pdf

 

[RWNJ]

So why are we headed for a $1 trillion deficit this year?

Directly from CBO report:

The deficit that CBO now estimates for 2018 is $242 billion larger than the one that it projected for that year in June 2017. Accounting for most of that difference is a $194 billion reduction in projected revenues, mainly because the 2017 tax act is expected to reduce collections of individual and corporate income taxes.

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53651-outlook.pdf

Tax cuts have been responsible for raising the deficit.

 

[Weatherman2020]

So why are we headed for a $1 trillion deficit this year?

Directly from CBO report:

The deficit that CBO now estimates for 2018 is $242 billion larger than the one that it projected for that year in June 2017. Accounting for most of that difference is a $194 billion reduction in projected revenues, mainly because the 2017 tax act is expected to reduce collections of individual and corporate income taxes.

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53651-outlook.pdf

Have a nice day!

 

[AntonToo]

So why are we headed for a $1 trillion deficit this year?

Directly from CBO report:

The deficit that CBO now estimates for 2018 is $242 billion larger than the one that it projected for that year in June 2017. Accounting for most of that difference is a $194 billion reduction in projected revenues, mainly because the 2017 tax act is expected to reduce collections of individual and corporate income taxes.

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53651-outlook.pdf

Have a nice day!

Good job repackaging the very same bullshit in a different foil.

Just because the estimate is after tax-cuts happened DOESN'T MEAN IT IS BECAUSE OF TAX CUTS.

CBO projects 1.9 trillion deficit due to tax--cuts in 2018-2028

GOP tax law will add $1.9 trillion to debt: CBO - from April 9th.

The GOP's signature tax law is projected to increase the national debt by $1.9 trillion between 2018 and 2028, according to a new report by the Congressional Budget Office (CBO).

According to the report, the tax law would cost the government $2.3 trillion in revenues, but economic growth would offset that figure by about $461 billion.

 

[Supposn]

I WAS TOLD THIS WAS IMPOSSIBLE:

Congressional Budget Office: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves. ...

Investors business daily published an editorial entitled, “It's Official: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves”. But the editorial stated their perception of “the CBO's tacit admission”, [i.e. the CBO implies] a more approved evaluation of the tax act that has passed and is in the process of being enacted.

Everyone is entitled to reach their own conclusions based upon their own reasoning, but I have no reason to believe that the U.S. Congressional Budget Office and Investors Business Daily are in agreement upon this matter.

The title of your post, “CBO: Trump Tax Cuts are boosting growth and paying for themselves” is only what you and Investors business daily wish to attribute to the CBO which never published anything similar to those opinions.

Respectfully, Supposn