Trump’s tax cuts have in fact blew the deficit…… Receipts end of Dec 2017; $3.552 Trillion Receipts end of Dec 2019; $3.772 Trillion + $220...
There’s a reason why Expenditures, Receipts, and Deficits are measured relative to the size of an economy, and obviously, you don’t know the why.
FRED Federal Receipts As A Percentage Of Gross Domestic Product, Annual; 2 years before to the tax cuts 2016; 17.38% 2017; 16.90% 2 years...
However, you’ve ignored several revenue boosting factors, such as; 1. Custom Duties; a. 2 years before the tax cuts; $76 billion collected...
It’s a trajectory explosion over X number of years. Same as FRED’s estimation of our pandemic Excess Saving, it is a trajectory estimate;...
Looks like all my FOOTNOTES flew over the Cuckoo’s nest. And according to OMB, you are wrong. Since 1930, OMB, Blue and Red, have compared...
My FRED Federal Government Current Receipts shows Q4 2015; $3.503 Trillion Q4 2017; $3.552 Trillion Q4 2019; $3.700 Trillion And My...
You are now comparing receipts 6 years BEFORE and AFTER the tax cuts which were effective January 1st, 2018 For your info, I don’t compare NORMAL...
1. Norway’s crude oil production; 2020; 1.713 million barrels per day 2021; 1.776 million barrels per day...
Lots of excuses a Texas Oil CEO + 6 others may use for not ramping up production in 2021, such as; Texas Deep Freeze Hurricane Ida Shortage of...
Here’s one correlation, however, it could be just a coincidence. OPEC/Non-OPEC’s agreed and scheduled production cuts, April 16, 2020; 1. MINUS...
Agree!
I’m not surprised considering the fact that we had over $200 billion in fraudulent PPP loans. Thus, in America, Trump isn’t the only...
As I stated in a previous post, Congress generously kept everyone’s head above water, both businesses and individuals, results; Total...
FRED Total Public Debt, which includes Deficit Spending, 3 years before and after the tax cuts Q4 2014; $17.632 Trillion Q4 2017; $20.492...
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