CBO Report: Economy strong thanks to Trump tax cuts

[Harpy Eagle]

as per the 10th amendment you have to show where in the constitution it provides for it

and that number might have been 15,,,it was yrs ago so not sure but the number is uncalled for

it is about 1 to 1.

for the USDA it is about 1 employee for ever 21,093 farms.

 

[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?

Injection.

actually, it was what he implied. you can't think for yourself so you wouldn't understand that english word.

 

[progressive hunter]

as per the 10th amendment you have to show where in the constitution it provides for it

and that number might have been 15,,,it was yrs ago so not sure but the number is uncalled for

it is about 1 to 1.

for the USDA it is about 1 employee for ever 21,093 farms.

I apparently got that wrong

but what about the constitution???

 

[Weatherman2020]

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

304,000 jobs added...very nice!

MSM headlines: TWO YEAR RECESSION WATCH REMAINS ON HIGH ALERT

 

[danielpalos]

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

304,000 jobs added...very nice!

MSM headlines: TWO YEAR RECESSION WATCH REMAINS ON HIGH ALERT

trade wars and government shutdowns, can do that.

 

[Darkwind]

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 just rendered him mute!

 

[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?

Injection.

actually, it was what he implied. you can't think for yourself so you wouldn't understand that english word.

Nope. I implied nothing except that Faux news wasn't tell the whole story.

 

[jc456]

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?

Injection.

actually, it was what he implied. you can't think for yourself so you wouldn't understand that english word.

Nope. I implied nothing except that Faux news wasn't tell the whole story.

You just implied it again. CBO is CBO no matter who reports on it.

 

[Crepitus]

CBO is lying?

How did you get that from my post?

Injection.

actually, it was what he implied. you can't think for yourself so you wouldn't understand that english word.

Nope. I implied nothing except that Faux news wasn't tell the whole story.

You just implied it again. CBO is CBO no matter who reports on it.

I think I've figured out the problem.


You don't know what a lie is, do you.

 

[william the wie]

The more interesting story today is the D politicians trying to figure out how much they can increase taxes in their jurisdictions. That is going to cause a train-wreck or 20

 

[jc456]

How did you get that from my post?

Injection.

actually, it was what he implied. you can't think for yourself so you wouldn't understand that english word.

Nope. I implied nothing except that Faux news wasn't tell the whole story.

You just implied it again. CBO is CBO no matter who reports on it.

I think I've figured out the problem.


You don't know what a lie is, do you.

You don’t. You’re a liar

 

[Oldstyle]

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

We haven't covered spending in decades.

Get out of your comfy bubble

So how high should we allow the debt to increase? $22 trillion isn't enough?

the right wing wants credit for financing our economy.

Ah...Daniel? This is the string where people who know something about economics discuss that topic...YOU should be over in the string for people who know NOTHING about that subject!

 

[Crepitus]

Injection.

actually, it was what he implied. you can't think for yourself so you wouldn't understand that english word.

Nope. I implied nothing except that Faux news wasn't tell the whole story.

You just implied it again. CBO is CBO no matter who reports on it.

I think I've figured out the problem.


You don't know what a lie is, do you.

You don’t. You’re a liar

Jesus you people are stupid.

Tenacious, but stupid.

 

[jc456]

actually, it was what he implied. you can't think for yourself so you wouldn't understand that english word.

Nope. I implied nothing except that Faux news wasn't tell the whole story.

You just implied it again. CBO is CBO no matter who reports on it.

I think I've figured out the problem.


You don't know what a lie is, do you.

You don’t. You’re a liar

Jesus you people are stupid.

Tenacious, but stupid.

And smarter than your dumb ass.

 

[Crepitus]

Nope. I implied nothing except that Faux news wasn't tell the whole story.

You just implied it again. CBO is CBO no matter who reports on it.

I think I've figured out the problem.


You don't know what a lie is, do you.

You don’t. You’re a liar

Jesus you people are stupid.

Tenacious, but stupid.

And smarter than your dumb ass.

Lol, more "I know you are but what am?"

You really can't do any better than that?

 

[danielpalos]

The more interesting story today is the D politicians trying to figure out how much they can increase taxes in their jurisdictions. That is going to cause a train-wreck or 20

we get a bigger bang for our modern buck in modern times, by raising tax revenue by raising the minimum wage.

 

[MAGAman]

"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

As usual, the leftists can't decide which lie to tell between "It was Obama" and "This is a bad economy".

 

[MAGAman]

From the same article you cited, you bloody shill;

"Although the current strength of the economy is clear, the CBO report argues that the benefits of tax cuts will not last and that the economic growth will average just 1.7 percent between 2020 and 2029."
~~ Economy strong thanks to Trump tax cuts, CBO report shows ~~

Splash in the pan, short term gimmicks employed for political ends don't do a damn thing for long term economic stability. Trump's profligate spending spree over the last 16 months from the beginning of FY 2018 has added over $1.625 Trillion to the debt. That's over $100 Billion every 30 days. Remember last April when Trumpy touted that the month's tax receipts exceeded the Treasury payments, fooling all you fish?

Reducing taxes while emptying the Public Purse at the same time is the genius Trump economic plan? That's a bullshit in a sock plan for sycophantic fools, Wonder Clown!

It really sucks for Democrats when America prospers... I get that....

The leftists eggheads promised a Recession/Depression if Trump was elected. They promised another one if the tax cuts were passed.

Trump is MAGA... And that really sucks for you.

 

[danielpalos]

tax cut economics are worthless if they don't cover spending.

U.S. National Debt Clock : Real Time

 

[william the wie]

From the same article you cited, you bloody shill;

"Although the current strength of the economy is clear, the CBO report argues that the benefits of tax cuts will not last and that the economic growth will average just 1.7 percent between 2020 and 2029."
~~ Economy strong thanks to Trump tax cuts, CBO report shows ~~

Splash in the pan, short term gimmicks employed for political ends don't do a damn thing for long term economic stability. Trump's profligate spending spree over the last 16 months from the beginning of FY 2018 has added over $1.625 Trillion to the debt. That's over $100 Billion every 30 days. Remember last April when Trumpy touted that the month's tax receipts exceeded the Treasury payments, fooling all you fish?

Reducing taxes while emptying the Public Purse at the same time is the genius Trump economic plan? That's a bullshit in a sock plan for sycophantic fools, Wonder Clown!

It really sucks for Democrats when America prospers... I get that....

The leftists eggheads promised a Recession/Depression if Trump was elected. They promised another one if the tax cuts were passed.

Trump is MAGA... And that really sucks for you.

The problems that are real are also non-trivial

Vocational training is underfunded raising the cost of new hires in most cases.

Blue state collapse is also financially boobytrapped to reduce out migration.

If you don't believe me check what POTUS Trump has said publicly about these and other problems.