CBO Report: Economy strong thanks to Trump tax cuts

[jc456]

Hilarious! When people miss one paycheck and go bankrupt, they aren’t really doing all that well.

and you believed that didn't you? shows what an insane parrot you really are. too fking funny.

 

[jc456]

Tax cuts work every time they are tried...no matter what your government paid economics educator and propaganda administrator says....

well ask Dean, he thinks missing one pay check means bankruptcy because someone told him that.

 

[danielpalos]

Tax cuts work every time they are tried...no matter what your government paid economics educator and propaganda administrator says....

why do we need the Spending of alleged wars on crime, drugs, and terror if tax cut economics can save us.

 

[Lesh]

Tax cuts work every time they are tried...no matter what your government paid economics educator and propaganda administrator says....

If you mean they "work" to make the rich...richer...then yea.

If you mean they produce more revenue than they cost...then no.

And now we'll be treated to some nonsense about capital gains tax cuts increasing revenues...which they might do for a very short period while the wealthy move capital gains forward to take advantage of them.

INCOME taxcuts...NEVER even pay for themselves...ever

 

[jc456]

Tax cuts work every time they are tried...no matter what your government paid economics educator and propaganda administrator says....

If you mean they "work" to make the rich...richer...then yea.

If you mean they produce more revenue than they cost...then no.

And now we'll be treated to some nonsense about capital gains tax cuts increasing revenues...which they might do for a very short period while the wealthy move capital gains forward to take advantage of them.

INCOME taxcuts...NEVER even pay for themselves...ever

how do the rich get richer? they take pay checks like us? they have investment money. see the middle class is the actual people helped. you think people who don't work get tax cuts? Come on man you can't be that fking stupid.

 

[Lesh]

how do the rich get richer? they take pay checks like us?

Most of them inherit it and then pile new fortunes on top of old...until you end up with just the top 1/10 owning 25% of everything

And don't look too closely into the closets of most of them...there's some ugly stuff in there

 

[RealDave]

"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

Sounds to me that Fox said it was due to the tax cuts.

What is reakly funny is how you & Fox left out the part about the CBO expected growth in deficits - over a trillion & not coming down.

If fact, Trump's finance guy at the last news conference said the CBO were morons & dumbasses & only Trump knows the truth.

Yo people are dumber than shit.

 

[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?

well explain what you meant then.

Faux is not telling the whole story, they are selectively ommiting bits.

 

[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.

Faux is not telling the whole story, they are selectively ommiting bits.

So you can’t!

 

[Crepitus]

Tax cuts which go away

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.

Faux is not telling the whole story, they are selectively ommiting bits.

So you can’t!

Did you not read my post?

 

[Harpy Eagle]

US employers added 304,000 jobs in January, soaring past expectations

304,000 jobs added...very nice!

 

[Ringel05]

US employers added 304,000 jobs in January, soaring past expectations

304,000 jobs added...very nice!

Yeah we heard, there's already at least one thread on it.

 

[Oldstyle]

US employers added 304,000 jobs in January, soaring past expectations

304,000 jobs added...very nice!

Yeah we heard, there's already at least one thread on it.

Translation for those of you that don't speak "liberal" = "Yeah we heard and we're getting more and more annoyed that freaking Trump POS is doing better with the economy than Barry did!"

 

[Weatherman2020]

US employers added 304,000 jobs in January, soaring past expectations

304,000 jobs added...very nice!

Congratulations. Your 2019 non leftist post quota is now filled.

 

[Ringel05]

US employers added 304,000 jobs in January, soaring past expectations

304,000 jobs added...very nice!

Yeah we heard, there's already at least one thread on it.

Translation for those of you that don't speak "liberal" = "Yeah we heard and we're getting more and more annoyed that freaking Trump POS is doing better with the economy than Barry did!"

You have a vivid imagination, have you considered writing fantasy books for a living?

 

[Oldstyle]

US employers added 304,000 jobs in January, soaring past expectations

304,000 jobs added...very nice!

Yeah we heard, there's already at least one thread on it.

Translation for those of you that don't speak "liberal" = "Yeah we heard and we're getting more and more annoyed that freaking Trump POS is doing better with the economy than Barry did!"

You have a vivid imagination, have you considered writing fantasy books for a living?

Come on, Ringel...admit it! You can't STAND that Trump's economic policies create jobs and Barry's didn't! It goes against everything you've been taught as a progressive!

 

[Oldstyle]

And THAT'S no fantasy! LOL

 

[Harpy Eagle]

US employers added 304,000 jobs in January, soaring past expectations

304,000 jobs added...very nice!

Yeah we heard, there's already at least one thread on it.

I looked through the front page of this part of the forum and there was no thread. can you link to the other thread?

 

[Harpy Eagle]

US employers added 304,000 jobs in January, soaring past expectations

304,000 jobs added...very nice!

Congratulations. You’re 2019 non leftist post quota is now filled.

you are so cute!

 

[Ringel05]

US employers added 304,000 jobs in January, soaring past expectations

304,000 jobs added...very nice!

Yeah we heard, there's already at least one thread on it.

Translation for those of you that don't speak "liberal" = "Yeah we heard and we're getting more and more annoyed that freaking Trump POS is doing better with the economy than Barry did!"

You have a vivid imagination, have you considered writing fantasy books for a living?

Come on, Ringel...admit it! You can't STAND that Trump's economic policies create jobs and Barry's didn't! It goes against everything you've been taught as a progressive!

I could care less who's president in relation to the economy as I've always asserted I believe no president has ever had much or any control over the economy. Besides since when was I a liberal? Except to someone who thinks anyone to the left of McCarthy or Duke is a liberal........