CBO Report: Economy strong thanks to Trump tax cuts

[easyt65]

"Earlier this week, the Congressional Budget Office released their Budget and Economic Outlook report for 2019 to 2029.

While media reports focused on the $3 billion that CBO estimates was permanently lost by the partial government shutdown (equal to 0.02 percent of projected annual GDP in 2019), the real story should be that the tax cuts (TCJA) and other economic policies of the Trump administration have been successful. For American families this means more jobs, higher wages and increased take-home pay.

Stronger economic growth will also improve the nation's fiscal health. CBO has found that 0.1 percent in revenue equals 1.4 percent in GDP growth and over $400 billion in revenue over a decade, and in the past they have stated Opens a New Window. that 0.1 percent in GDP equals $300 billion. This means that economic growth of 2.5 percent instead of the 1.7 percent predicted by CBO will net the federal government trillions of dollars in higher revenues over 10 years.

Regardless of what may happen in the future, the CBO report confirms that the economy today is strong.

Real disposable income is expected to grow by 2.9 percent in 2018 while consumer spending is expected to grow by 2.7 percent.

Growth of Real Business Fixed Investment (measured as purchases of equipment, structures and IP) increased by 14.9 percent in 2017 and is projected to increase by 9.6 percent in 2018.

Each of these numbers mark a sharp contrast with the economic policies of the Obama administration, which saw average annual GDP growth of 1.9 percent compared to the 3.1 percent seen in 2018.

This positive economic news should not be a surprise."

Economy strong thanks to Trump tax cuts, CBO report shows

 

[Claudette]

I like to see a good economy and this one is very, very good.

 

[danielpalos]

Tax cut economics are Worthless if they don't cover Spending.

 

[Moonglow]

"Earlier this week, the Congressional Budget Office released their Budget and Economic Outlook report for 2019 to 2029.

While media reports focused on the $3 billion that CBO estimates was permanently lost by the partial government shutdown (equal to 0.02 percent of projected annual GDP in 2019), the real story should be that the tax cuts (TCJA) and other economic policies of the Trump administration have been successful. For American families this means more jobs, higher wages and increased take-home pay.

Stronger economic growth will also improve the nation's fiscal health. CBO has found that 0.1 percent in revenue equals 1.4 percent in GDP growth and over $400 billion in revenue over a decade, and in the past they have stated Opens a New Window. that 0.1 percent in GDP equals $300 billion. This means that economic growth of 2.5 percent instead of the 1.7 percent predicted by CBO will net the federal government trillions of dollars in higher revenues over 10 years.

Regardless of what may happen in the future, the CBO report confirms that the economy today is strong.

Real disposable income is expected to grow by 2.9 percent in 2018 while consumer spending is expected to grow by 2.7 percent.

Growth of Real Business Fixed Investment (measured as purchases of equipment, structures and IP) increased by 14.9 percent in 2017 and is projected to increase by 9.6 percent in 2018.

Each of these numbers mark a sharp contrast with the economic policies of the Obama administration, which saw average annual GDP growth of 1.9 percent compared to the 3.1 percent seen in 2018.

This positive economic news should not be a surprise."

Economy strong thanks to Trump tax cuts, CBO report shows

In other words a govt. paid stimulus for business..

 

[Moonglow]

I like to see a good economy and this one is very, very good.

Does this mean you will be earning or working more now?

 

[SassyIrishLass]

Tax cut economics are Worthless if they don't cover Spending.

We haven't covered spending in decades.

Get out of your comfy bubble

 

[Moonglow]

The only diff between now and say ten years ago is the dislike of non-English speaking people on jobs for individuals, the builders and contractors are still using the illegals and I refuse to work for them...

 

[jc456]

"Earlier this week, the Congressional Budget Office released their Budget and Economic Outlook report for 2019 to 2029.

While media reports focused on the $3 billion that CBO estimates was permanently lost by the partial government shutdown (equal to 0.02 percent of projected annual GDP in 2019), the real story should be that the tax cuts (TCJA) and other economic policies of the Trump administration have been successful. For American families this means more jobs, higher wages and increased take-home pay.

Stronger economic growth will also improve the nation's fiscal health. CBO has found that 0.1 percent in revenue equals 1.4 percent in GDP growth and over $400 billion in revenue over a decade, and in the past they have stated Opens a New Window. that 0.1 percent in GDP equals $300 billion. This means that economic growth of 2.5 percent instead of the 1.7 percent predicted by CBO will net the federal government trillions of dollars in higher revenues over 10 years.

Regardless of what may happen in the future, the CBO report confirms that the economy today is strong.

Real disposable income is expected to grow by 2.9 percent in 2018 while consumer spending is expected to grow by 2.7 percent.

Growth of Real Business Fixed Investment (measured as purchases of equipment, structures and IP) increased by 14.9 percent in 2017 and is projected to increase by 9.6 percent in 2018.

Each of these numbers mark a sharp contrast with the economic policies of the Obama administration, which saw average annual GDP growth of 1.9 percent compared to the 3.1 percent seen in 2018.

This positive economic news should not be a surprise."

Economy strong thanks to Trump tax cuts, CBO report shows

In other words a govt. paid stimulus for business..

where?

 

[danielpalos]

Tax cut economics are Worthless if they don't cover Spending.

We haven't covered spending in decades.

Get out of your comfy bubble

only the right wing is for tax cut economics and blaming the Poor.

 

[jc456]

I like to see a good economy and this one is very, very good.

Does this mean you will be earning or working more now?

does it matter?

 

[SmokeALib]

Tax cut economics are Worthless if they don't cover Spending.

Tax cut economics are worthless if they don't cut spending.
Fixed.

 

[jc456]

The only diff between now and say ten years ago is the dislike of non-English speaking people on jobs for individuals, the builders and contractors are still using the illegals and I refuse to work for them...

good for you

 

[jc456]

Tax cut economics are Worthless if they don't cover Spending.

Tax cut economics are worthless if they don't cut spending.
Fixed.

any tax activity is worthless without cutting spending. spending is the issue, taxes has nothing to do with anything.

 

[Crepitus]

Tax cuts which go away

Revenues. In CBO’s projections, federal revenues rise from 16.5 percent of GDP in 2019 to 17.4 percent in 2025 and then grow more rapidly, reaching 18.3 percent of GDP near the end of the decade. The projected growth in revenues after 2025 is largely attributable to the scheduled expiration of nearly all of the individual income tax provisions of the 2017 tax act.

The Budget and Economic Outlook: 2019 to 2029 | Congressional Budget Office

Read it, faux business is giving you the business.

 

[Moonglow]

"Earlier this week, the Congressional Budget Office released their Budget and Economic Outlook report for 2019 to 2029.

While media reports focused on the $3 billion that CBO estimates was permanently lost by the partial government shutdown (equal to 0.02 percent of projected annual GDP in 2019), the real story should be that the tax cuts (TCJA) and other economic policies of the Trump administration have been successful. For American families this means more jobs, higher wages and increased take-home pay.

Stronger economic growth will also improve the nation's fiscal health. CBO has found that 0.1 percent in revenue equals 1.4 percent in GDP growth and over $400 billion in revenue over a decade, and in the past they have stated Opens a New Window. that 0.1 percent in GDP equals $300 billion. This means that economic growth of 2.5 percent instead of the 1.7 percent predicted by CBO will net the federal government trillions of dollars in higher revenues over 10 years.

Regardless of what may happen in the future, the CBO report confirms that the economy today is strong.

Real disposable income is expected to grow by 2.9 percent in 2018 while consumer spending is expected to grow by 2.7 percent.

Growth of Real Business Fixed Investment (measured as purchases of equipment, structures and IP) increased by 14.9 percent in 2017 and is projected to increase by 9.6 percent in 2018.

Each of these numbers mark a sharp contrast with the economic policies of the Obama administration, which saw average annual GDP growth of 1.9 percent compared to the 3.1 percent seen in 2018.

This positive economic news should not be a surprise."

Economy strong thanks to Trump tax cuts, CBO report shows

In other words a govt. paid stimulus for business..

where?

Mars, they need women..

 

[jc456]

Tax cuts which go away

Revenues. In CBO’s projections, federal revenues rise from 16.5 percent of GDP in 2019 to 17.4 percent in 2025 and then grow more rapidly, reaching 18.3 percent of GDP near the end of the decade. The projected growth in revenues after 2025 is largely attributable to the scheduled expiration of nearly all of the individual income tax provisions of the 2017 tax act.

The Budget and Economic Outlook: 2019 to 2029 | Congressional Budget Office

Read it, faux business is giving you the business.

CBO is lying?

 

[jc456]

"Earlier this week, the Congressional Budget Office released their Budget and Economic Outlook report for 2019 to 2029.

While media reports focused on the $3 billion that CBO estimates was permanently lost by the partial government shutdown (equal to 0.02 percent of projected annual GDP in 2019), the real story should be that the tax cuts (TCJA) and other economic policies of the Trump administration have been successful. For American families this means more jobs, higher wages and increased take-home pay.

Stronger economic growth will also improve the nation's fiscal health. CBO has found that 0.1 percent in revenue equals 1.4 percent in GDP growth and over $400 billion in revenue over a decade, and in the past they have stated Opens a New Window. that 0.1 percent in GDP equals $300 billion. This means that economic growth of 2.5 percent instead of the 1.7 percent predicted by CBO will net the federal government trillions of dollars in higher revenues over 10 years.

Regardless of what may happen in the future, the CBO report confirms that the economy today is strong.

Real disposable income is expected to grow by 2.9 percent in 2018 while consumer spending is expected to grow by 2.7 percent.

Growth of Real Business Fixed Investment (measured as purchases of equipment, structures and IP) increased by 14.9 percent in 2017 and is projected to increase by 9.6 percent in 2018.

Each of these numbers mark a sharp contrast with the economic policies of the Obama administration, which saw average annual GDP growth of 1.9 percent compared to the 3.1 percent seen in 2018.

This positive economic news should not be a surprise."

Economy strong thanks to Trump tax cuts, CBO report shows

In other words a govt. paid stimulus for business..

where?

Mars, they need women..

I believe you have been there.

 

[Moonglow]

"Earlier this week, the Congressional Budget Office released their Budget and Economic Outlook report for 2019 to 2029.

While media reports focused on the $3 billion that CBO estimates was permanently lost by the partial government shutdown (equal to 0.02 percent of projected annual GDP in 2019), the real story should be that the tax cuts (TCJA) and other economic policies of the Trump administration have been successful. For American families this means more jobs, higher wages and increased take-home pay.

Stronger economic growth will also improve the nation's fiscal health. CBO has found that 0.1 percent in revenue equals 1.4 percent in GDP growth and over $400 billion in revenue over a decade, and in the past they have stated Opens a New Window. that 0.1 percent in GDP equals $300 billion. This means that economic growth of 2.5 percent instead of the 1.7 percent predicted by CBO will net the federal government trillions of dollars in higher revenues over 10 years.

Regardless of what may happen in the future, the CBO report confirms that the economy today is strong.

Real disposable income is expected to grow by 2.9 percent in 2018 while consumer spending is expected to grow by 2.7 percent.

Growth of Real Business Fixed Investment (measured as purchases of equipment, structures and IP) increased by 14.9 percent in 2017 and is projected to increase by 9.6 percent in 2018.

Each of these numbers mark a sharp contrast with the economic policies of the Obama administration, which saw average annual GDP growth of 1.9 percent compared to the 3.1 percent seen in 2018.

This positive economic news should not be a surprise."

Economy strong thanks to Trump tax cuts, CBO report shows

In other words a govt. paid stimulus for business..

where?

Mars, they need women..

I believe you have been there.

Only on vacation.

 

[SassyIrishLass]

Tax cut economics are Worthless if they don't cover Spending.

We haven't covered spending in decades.

Get out of your comfy bubble

only the right wing is for tax cut economics and blaming the Poor.

Your shit is tiresome and you're an economic illiterate.

Furthermore you're clueless how unemployment works

In short? Stick to topics you have some basic knowledge of.

 

[Crepitus]

Tax cuts which go away

Revenues. In CBO’s projections, federal revenues rise from 16.5 percent of GDP in 2019 to 17.4 percent in 2025 and then grow more rapidly, reaching 18.3 percent of GDP near the end of the decade. The projected growth in revenues after 2025 is largely attributable to the scheduled expiration of nearly all of the individual income tax provisions of the 2017 tax act.

The Budget and Economic Outlook: 2019 to 2029 | Congressional Budget Office

Read it, faux business is giving you the business.

CBO is lying?

How did you get that from my post?