CBO Report: Economy strong thanks to Trump tax cuts

[Lesh]

The Budget and Economic Outlook: 2019 to 2029
January 28, 2019
In CBO’s projections, deficits remain large by historical standards, and federal debt grows to equal 93 percent of GDP by 2029. As the effects of fiscal stimulus wane, projected economic growth falls back below the historical average.

Ohhh

 

[jknowgood]

"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..

Tax cuts means we keep more of our own money. Not the other way around.

 

[danielpalos]

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.

let's get rid of the drug war to cut spending.

 

[Lesh]

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.

Aside from the ad hominems...you said exactly nothing...as usual

 

[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..

Tax cuts means we keep more of our own money. Not the other way around.

I keep all of mine I don't know why you pay in..When taxes are "cut" taxes and fees are increased on other items and tariffs are imposed which is another tax hike for US consumers...

 

[Lesh]

Tax cuts means we keep more of our own money. Not the other way around.

"We"?

Unless you make some serious bank...you got breakfast at Denny's once week...or like me...a $2K tax increase

 

[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.

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.

you have no explanation so it doesn't exist for the right wing.

appeals to ignorance is what the right wing is best at.

 

[mudwhistle]

"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

This must stop.
This is terrible news for Nazi Pelosi...

 

[Moonglow]

Tax cuts means we keep more of our own money. Not the other way around.

"We"?

Unless you make some serious bank...you got breakfast at Denny's once week...or like me...a $2K tax increase

It happened to me when Reagan gave us a tax cut...

 

[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.

you have no explanation so it doesn't exist for the right wing.

appeals to ignorance is what the right wing is best at.

You wouldn't understand it even if I explained it. I've tried before and you sit and scratch your ass all befuddled.

 

[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.

Only on vacation.

new, I'm confident you live there.

 

[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?

How did you get that from my post?

well explain what you meant then.

 

[Moonglow]

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

where?

Mars, they need women..

I believe you have been there.

Only on vacation.

new, I'm confident you live there.

Not with a shortage of women..Too much like the army.

 

[jc456]

where?

Mars, they need women..

I believe you have been there.

Only on vacation.

new, I'm confident you live there.

Not with a shortage of women..Too much like the army.

i'm confident you're comfortable there.

 

[Flash]

I have to pay $3K less in the filthy income tax this year than last with about the same income. That is $3K that I get to spend in the productive economy for things I want rather than give to some stupid bureaucrat to give away to an asshole Democrat voting welfare queen or Illegal.

No wonder the economy is better. Trump had it right. God bless Trump.

 

[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.

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.

you have no explanation so it doesn't exist for the right wing.

appeals to ignorance is what the right wing is best at.

You wouldn't understand it even if I explained it. I've tried before and you sit and scratch your ass all befuddled.

You have no explanation and have to make up stories. Typical, right wingers.

 

[jc456]

I have to pay $3K less in the filthy income tax this year than last with about the same income. That is $3K that I get to spend in the productive economy for things I want rather than give to some stupid bureaucrat to give away to an asshole Democrat voting welfare queen or Illegal.

No wonder the economy is better. Trump had it right. God bless Trump.

you keeping your money is now a subsidy to some in here. how about that?

 

[otto105]

"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

Please stop relying on fox propaganda to make false statements.

It’s official: Trump’s tax cuts were a bust

It’s official: The Trump tax cuts were a bust

 

[Flash]

I have to pay $3K less in the filthy income tax this year than last with about the same income. That is $3K that I get to spend in the productive economy for things I want rather than give to some stupid bureaucrat to give away to an asshole Democrat voting welfare queen or Illegal.

No wonder the economy is better. Trump had it right. God bless Trump.

you keeping your money is now a subsidy to some in here. how about that?

Yes, the greedy little Moon Bat assholes that think they are entitled to have somebody else pay their bills.

 

[otto105]

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

Sycophant