TRUMPONOMICS: Tax Revenues Up Big After GOP Tax Cut

No, just that slashing revenues and increasing deficit spending, during a time when the economy is doing well, is moronic.

 

If you can't grasp the concept of lower taxes equaling a growing economy equaling increased tax revenue then you can't and there's nothing I can do to help you. Just too many moving parts and too complex for some I guess.

 

I understand it perfectly well. It's just a rehashing of the Reagan trickle down voodoo economics. When you cut taxes, it is a mathematical fact you take in less revenue. This isn't necessarily a bad thing, but depends on when you do it. Cutting taxes to try and stimulate the economy is necessary during a recession. We are not in a recession. We are at full employment and the economy has been on a steady upswing for 8 years. So cutting taxes and increasing deficit spending is just stupid.

 

Well at least you seem to now admit cutting taxes stimulates economic growth. That's a start. You are correct we were not in a recession but the economy Trump inherited was in stagnation with eight years of 1.9% average GDP. It needed a kick in the ass and the tax cuts did just that.

 

no, it can SOMETIMES stimulate growth.

the economy has been on a steady upswing for the past 8 years. Slashing revenues and increasing deficit spending is irresponsible and incompetent fiscal policy, but that is what you get for electing republicans.

 

Economy has been at an average 1.9% GDP for past eight years and it was down to that 1.9% number Obama's last full quarter. Steady upswing?

 

yes steady upswing. You understand that 1.9 is greater than 0 right?

 

I do not believe that the tax cut was able to stimulate/ generate that much in a revenue increase in such a short time. Revenue increases from tax cuts would come from the economic stimulation caused by a tax cut yet those lag a bit behind the tax cut.

I would be more inclined to take this seriously if this was not a heavy opinion website that the OP dragged this up from.

Edit add a thought- Some companies gave out one time bonuses and just about every company that does that does it net of taxes so that could be a partial explanation why a revenue blip may have occurred.

Sounds a lot like smoke and mirrors from a pro Trumpian Website.

Someone needs to check independent neutral sources to verify thus possible propaganda blip.

 

Democrats

 

rahl drives the arguments of jw before him, so easily.

 

You do understand that eight years of 1.9% GDP is not a steady upswing right? Many on the left are now admitting Trump's economy is taking off but for some of you I'm sure it will be very hard to ever admit.


"For the first time since his election, Mr. Trump is receiving the credit for the positive feeling about the economy.

Forty-eight percent say President Trump is responsible for the economic growth, compared to 41 percent who credit former President Barack Obama. Another 51 percent approve of Mr. Trump’s handling of the economy, in spite of his overall approval negative approval rating, which stands at 40 percent.

The Republican tax plan has also seen a slow growth of approval with 39 percent saying they support the plan compared to 32 percent in January."

https://www.washingtontimes.com

"Sixty-seven percent, though, rated the condition of the U.S. economy as either very good or fairly good, including 55 percent of Democrats. Of those who rated the economy as very good or fairly good, 71 percent said Trump’s policies were either mostly or partially responsible for the nation’s current economic strength.
https://www.politico.com/story/2018/01/18/poll-trump-approval-2018-economy-345501

 

Wish this was true but corporate tax revenue for fiscal year are actually down. I do not have time to get the links copied butvwill do later.

I just had this feeling this was too good to be true.

 

By the way you set the bar pretty low for Obama. "Better than zero" LOL

 

So funny. You're using a web site that is still highlighting a 5.4% GDP in the first quarter! Then it states that the figures refer to a quarter that started in October 2017. Your link is months old!

 

what is it with you and basic math. 1.9 is greater than 0. So yes, by definition, a steady upswing.

 

uh, he was handed the worst recession in 80 years by a republican. He did spectacularly well considering the pile of **** the republicans left.

 

It's just the usual JosephWalker thread that contains data to fool the usual crowd, which includes many Trump supporters who have no knowledge of economics including the OP creator. The link is months old and does not include tax figures from the date of the tax cut

 

What is it with you and basic math? Eight years of 1.9% average GDP is stagnation not an upswing

 

Dems call 8 years of 1.9% a booming economy. I do hope they run hard on repealing the tax cut.

 

Reason for housing bubble and it's burst is another subject for another thread. This thread is about what a remarkable job Trump has done breathing life back into Obama's comatose economy.

 

jesus Christ conservatives make my brain hurt.

If it was 0 per year, that is stagnation. 1.9 is greater than 0. The economy, by definition, was on a steady upswing.

 

which has been thoroughly refuted.

 

Yeah they lost once already running on Obama's " great" economy. I should shut up and let Democrats continue marching over the abyss.

 

who lost? The majority of American people voted against trump.

 

If you want to call 1.9% GDP for eight years a steady upswing feel free. You guys lost the Whitehouse saying that so I'll shut up and let you continue saying it.