TRUMPONOMICS: Tax Revenues Up Big After GOP Tax Cut

“This step toward right-sizing regulation will allow local banks and credit unions to focus more on lending, in turn propelling economic growth and creating jobs,” Mr. Crapo said in a statement.

Trump loves the American Worker!​

White House advisers said the legislation enhances Mr. Trump’s agenda of rolling back Obama-era regulations that had choked growth. A senior administration official called it “another important step in lifting regulation and barriers to opportunity,” asserting that Dodd-Frank has caused a “steep decline” in lending to small businesses.

Trump Loves Creating New Opportunities by increasing freedom!​

While stopping short of saying the measure fulfills Mr. Trump’s campaign pledge to repeal Dodd-Frank, one administration official said the bill is “a step toward that promise.”

FreedomWorks President and CEO Adam Brandon said the legislation “dovetails” with Mr. Trump’s push to cut regulations.

Trump Hates The Rent-Seeking of The Big Crony Banks!​

“The passage of Economic Growth, Regulatory Relief, and Consumer Protection Act is a move in the right direction to dial back federal overreach,” Mr. Brandon said. “Smaller community banks finally have the targeted relief they have needed since the passage of Dodd-Frank.”

Level The Playing Field For The Regional Banks!​

 

You really don’t need to keep demonstrating your detachment from reality. We are all painfully aware.

 

Your mistake is talking about Obama in the first place.

We are talking about Trump GOP Congresses, supposedly committed to fiscal restraint, running up the budget, debt, and deficit every chance they get.

No matter how much tax revenue is generated, every dolloar in the deficit beyond that is loss and belongs to the GOP.

 

It's not about what you earn..........It's all about the amount you owe
CBO says Trump's budget would result in cumulative deficits of $9.5 trillion over the next decade compared to $7.2 trillion estimated by the White House.Under the president’s budget, federal debt held by the public would rise from about 78 percent of GDP this year to 86 percent in 2028

 

What amazes me is that all those Republican fiscal conservatives in Congress during Oblama never got re-elected during Trumpet.

 

Our goal is incremental improvement over the Obama era.

There are enough irresponsible Republicans, that combined with the Democrats, that they can often form a majority of fiscal irresponsibility. Now, it has improved since Trump was elected, and deficits are running less than half the Obama rate, and less than half as much is more than twice as good!

Every dollar of improvement also belongs to the GOP, and its very likely the rising living standards that are closing the Congressional ballot advantage the Dems used to enjoy.