Corporate Tax Revenue Came In 31% Below Predictions, And It's Getting Worse

0213trumpbudget_t600.png


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The economy was on a sugar high under Trump.
All those hundreds and hundreds of billions in tax cuts for corporations and billionaires.
You’ve got to be a complete nutso to believe tax cuts for billionaires is going to help the economy.


Yes, because it had worked so well before. Taking money away from working people that live paycheck to paycheck and giving it to multimillionaires actually adds up in these people’s brains.
 
The system must be working if the GDP hit over 4% for the first time in a decade and the DOW hovers around 25,000 while unemployment is at it's lowest since the early 70's. What's the point? Do lefties want to punish corporations during republican administrations or the neo-socialists just hate what makes America great?
When did GDP hit 4% for the first time in a decade?! I must have missed that news
Two years ago. The GDP never hit 3% in a yearly average for the entire eight years of the Hussein administration.
Obama also had quarters above 4 percent
Also a year of 2.9%

Trump is performing the same

Never hit 4%, you're a liar
 
0213trumpbudget_t600.png


4.26.19.png


The economy was on a sugar high under Trump.
All those hundreds and hundreds of billions in tax cuts for corporations and billionaires.
You’ve got to be a complete nutso to believe tax cuts for billionaires is going to help the economy.


Yes, because it had worked so well before. Taking money away from working people that live paycheck to paycheck and giving it to multimillionaires actually adds up in these people’s brains.

Projection son, you're a twit without a brain.
You've never answered son, do YOU add up all of your profits at the end of the week and divide them EQUALLY among ALL of your employees?
 
Theft is illegal plain and simple. If it is taken under the rule of law then it is part of our legal system. Robbery and theft is dishonest hyperbole.
thanks for your opinion,,,but it means nothing to those that go to jail or killed for it,,,
If they go to jail then they broke the law. I don’t know who gets killed for not paying taxes so that sounds like more hyperbole to me


what if they choose not to go to jail???
If they break the law, are convicted of a crime, and sentenced to jail then that’s where they go. You’re digging yourself into a hole. Give up on this silly argument of yours and try honest conversation for a change
that was honest,,,
Calling legal taxation robbery isn’t honest. You defend funding the military because it’s in the constitution but then refer to taxation as robbing the rich. No that’s not honest. It is hypocritical
 
Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.

Do you not believe cutting spending will help? That option is never on the table. Cut spending and your side can have all the tax increases you want.
 

Did you actually read the article?

This part was kind of embarrassing:

Overall, federal revenues came in slightly higher in FY 2018 — up 0.5%.

Spending, on the other hand, was $127 billion higher in fiscal 2018. As a result, deficits for 2018 climbed $113 billion.


Where is the good news?

Worse, as you read the article, you realize it's an opinion piece. With a LOT of speculation.
 
Federal tax payments by big businesses are falling much faster than anticipated in the wake of Republicans’ tax cuts, providing ammunition to Democrats who are calling for corporate tax increases.
The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.

Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.

Big businesses paying even less than expected under GOP tax law


But the frightening thing is that, despite all the sugar Trump and the Republicans have poured into the system, dark clouds continue to gather on the horizon. The economy looks set to slide into a recession with interest rates near record lows and corporations already basking in gifts even bigger than predicted. Any “stimulus” that happens to pull the U.S. out of this one, isn’t going to come through tax breaks for corporations. That well is already dry.
OMG DOWN $11 BILLION!!!!

THATS 14 MINUTES OF SPENDING!

This is why we have a 22 trillion dollar debt...people like you care more about politics than the country.


The debt was bad in 2006-2007 but then Chancy came along. 100% out of control auto-pilot since. Not enough focus put on this fact.

The Dirty MSM tell the Dems how great of a job they Chancy/RINO are doing and the loons eat it up. The end of this cant be pretty?
 

Did you actually read the article?

This part was kind of embarrassing:

Overall, federal revenues came in slightly higher in FY 2018 — up 0.5%.

Spending, on the other hand, was $127 billion higher in fiscal 2018. As a result, deficits for 2018 climbed $113 billion.


Where is the good news?

Worse, as you read the article, you realize it's an opinion piece. With a LOT of speculation.

Yup. We need to cut spending. We all agree with that on the Conservative side.
 
The system must be working if the GDP hit over 4% for the first time in a decade and the DOW hovers around 25,000 while unemployment is at it's lowest since the early 70's. What's the point? Do lefties want to punish corporations during republican administrations or the neo-socialists just hate what makes America great?
When did GDP hit 4% for the first time in a decade?! I must have missed that news
Two years ago. The GDP never hit 3% in a yearly average for the entire eight years of the Hussein administration.
Obama also had quarters above 4 percent
Also a year of 2.9%

Trump is performing the same

Never hit 4%, you're a liar
In fact, growth in a single quarter had topped 4.2 percent four different times during the Obama administration.

Trump and GOP promised economic growth much better than Obama's. That's not what happened

Do you realized how stupid calling someone a liar is when you could easily look it up?

It's like the drooling retarded guy who is sucking his thumb in the corner calling someone else a moron.
 
The system must be working if the GDP hit over 4% for the first time in a decade and the DOW hovers around 25,000 while unemployment is at it's lowest since the early 70's. What's the point? Do lefties want to punish corporations during republican administrations or the neo-socialists just hate what makes America great?
When did GDP hit 4% for the first time in a decade?! I must have missed that news
Two years ago. The GDP never hit 3% in a yearly average for the entire eight years of the Hussein administration.
Obama also had quarters above 4 percent
Also a year of 2.9%

Trump is performing the same

Never hit 4%, you're a liar
In fact, growth in a single quarter had topped 4.2 percent four different times during the Obama administration.

Trump and GOP promised economic growth much better than Obama's. That's not what happened

Do you realized how stupid calling someone a liar is when you could easily look it up?

It's like the drooling retarded guy who is sucking his thumb in the corner calling someone else a moron.

CNBC, yeah you run with that kid.
The problem you have is that you think that Rump is any different than Barry
 
When did GDP hit 4% for the first time in a decade?! I must have missed that news
Two years ago. The GDP never hit 3% in a yearly average for the entire eight years of the Hussein administration.
Obama also had quarters above 4 percent
Also a year of 2.9%

Trump is performing the same

Never hit 4%, you're a liar
In fact, growth in a single quarter had topped 4.2 percent four different times during the Obama administration.

Trump and GOP promised economic growth much better than Obama's. That's not what happened

Do you realized how stupid calling someone a liar is when you could easily look it up?

It's like the drooling retarded guy who is sucking his thumb in the corner calling someone else a moron.

CNBC, yeah you run with that kid.
The problem you have is that you think that Rump is any different than Barry
OMG!

You think respected news organizations are liars, but Newsmax, Infowars, Fox and Brietbart are a honest sources of news.

Amazing.
 
Two years ago. The GDP never hit 3% in a yearly average for the entire eight years of the Hussein administration.
Obama also had quarters above 4 percent
Also a year of 2.9%

Trump is performing the same

Never hit 4%, you're a liar
In fact, growth in a single quarter had topped 4.2 percent four different times during the Obama administration.

Trump and GOP promised economic growth much better than Obama's. That's not what happened

Do you realized how stupid calling someone a liar is when you could easily look it up?

It's like the drooling retarded guy who is sucking his thumb in the corner calling someone else a moron.

CNBC, yeah you run with that kid.
The problem you have is that you think that Rump is any different than Barry
OMG!

You think respected news organizations are liars, but Newsmax, Infowars, Fox and Brietbart are a honest sources of news.

Amazing.

Just for the heck of it, which ones do you feel are respected news organizations?
 
while economic activity still humming along its not a bad thing .....save the panic for your
avocados.


Time to slash spending.
Imagine if we had a lean n mean government along with it bloated useless bureaucracies that Actually served the people.
The savings alone would be just friggin spectacular!...no more 40 million on lobster shrimp and cocktails either
god help us

Slash spending across the board from military to completely cutting of illegals access to any services
 
The system must be working if the GDP hit over 4% for the first time in a decade and the DOW hovers around 25,000 while unemployment is at it's lowest since the early 70's. What's the point? Do lefties want to punish corporations during republican administrations or the neo-socialists just hate what makes America great?
When did GDP hit 4% for the first time in a decade?! I must have missed that news
Two years ago. The GDP never hit 3% in a yearly average for the entire eight years of the Hussein administration.
Obama also had quarters above 4 percent
Also a year of 2.9%

Trump is performing the same

Never hit 4%, you're a liar

Obama had quarters over 4%. Stop making a fool out of yourself


Sent from my iPhone using USMessageBoard.com
 
The system must be working if the GDP hit over 4% for the first time in a decade and the DOW hovers around 25,000 while unemployment is at it's lowest since the early 70's. What's the point? Do lefties want to punish corporations during republican administrations or the neo-socialists just hate what makes America great?
When did GDP hit 4% for the first time in a decade?! I must have missed that news
Two years ago. The GDP never hit 3% in a yearly average for the entire eight years of the Hussein administration.
Obama also had quarters above 4 percent
Also a year of 2.9%

Trump is performing the same

Never hit 4%, you're a liar

Obama had quarters over 4%. Stop making a fool out of yourself


Sent from my iPhone using USMessageBoard.com


Obama had quarters over 4%. Stop making a fool out of yourself

Musta been the $10T stimulus. Shovel ready, to shovel into unions and Dem coffers.
 
while economic activity still humming along its not a bad thing .....save the panic for your
avocados.


Time to slash spending.
Imagine if we had a lean n mean government along with it bloated useless bureaucracies that Actually served the people.
The savings alone would be just friggin spectacular!...no more 40 million on lobster shrimp and cocktails either
god help us

Slash spending across the board from military to completely cutting of illegals access to any services



I see tons and tons of little things like why does WH have a spokesperson for Melania? One for DJT? 28 assistants for Michelle? Salaries near $100K? With a 2.5X multiplier that is tens of millions. Probably Billions of that throughout DC in every department. $22T and they still have parties, travel, staff, seminars....on and on. I would find a way to cut it to bare essintials or die trying. Then salary cut, layoffs, garage sales.
 
The VA treats retired military. Where does the constitution allow for that?
key word being military,,,

if youre going to go that route,,all government pensions are illegal,,,
I’m not going that route, I'm questioning your logic. So green light pensions and VA care because they are for government employees and military... I’m guessing infrastructure is unconstitutional in your mind, is that correct?
I never said that,,,

unless you can show me where in the constitution that resides,,,
That all depends on how you define General welfare” doesn’t it?
stealing from the majority to give to a minority is not in the general welfare,,,

Take your blessed freedom and make enough so you don't give a shit about those pennies or STFU. Only a true asshole would shit on those less fortunate less themselves.
 
Theft is illegal plain and simple. If it is taken under the rule of law then it is part of our legal system. Robbery and theft is dishonest hyperbole.
thanks for your opinion,,,but it means nothing to those that go to jail or killed for it,,,
If they go to jail then they broke the law. I don’t know who gets killed for not paying taxes so that sounds like more hyperbole to me


what if they choose not to go to jail???
If they break the law, are convicted of a crime, and sentenced to jail then that’s where they go. You’re digging yourself into a hole. Give up on this silly argument of yours and try honest conversation for a change
that was honest,,,
Yes. Honest losery.
 

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