Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
Paul Ryan says Trump is more likely to lose a bid for the White House than any other Republican
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="fishtm2001" data-source="post: 5428543" data-attributes="member: 54375"><p>Only a fraction of the 2.9% economic growth in 2018 came from the tax cuts, according to the nonpartisan <a href="https://www.cnbc.com/2019/05/29/trump-tax-cuts-did-little-to-boost-economic-growth-in-2018-study-says.html" target="_blank">Congressional Research Service</a>. Instead of investing profits into their own capital investment, companies <a href="https://www.cnbc.com/2019/03/25/share-buybacks-soar-to-a-record-topping-800-billion-bigger-than-a-facebook-or-exxon-mobil.html" target="_blank">bought back a record $806 billion in shares</a> in 2018, sending stock prices further upward. As far as tax revenue (this is from a couple years ago), The U.S. Treasury reported that from fiscal year 2017 to FY 2018, the federal budget deficit increased by <a href="https://fiscal.treasury.gov/files/reports-statements/financial-report/2018/03282019-FR(Final).pdf" target="_blank">$113 billion</a> while corporate tax receipts fell by about <a href="https://fiscal.treasury.gov/files/reports-statements/financial-report/2018/03282019-FR(Final).pdf" target="_blank">$90 billion</a>, which would account for nearly 80 percent of the deficit increase. Though the Trump administration and the Congressional Budget Office (CBO) projected corporate revenues to bounce back somewhat in FY 2019, there is no sign yet that that is happening, with 11 of 12 months having already been reported for FY 2019.</p></blockquote><p></p>
[QUOTE="fishtm2001, post: 5428543, member: 54375"] Only a fraction of the 2.9% economic growth in 2018 came from the tax cuts, according to the nonpartisan [URL='https://www.cnbc.com/2019/05/29/trump-tax-cuts-did-little-to-boost-economic-growth-in-2018-study-says.html']Congressional Research Service[/URL]. Instead of investing profits into their own capital investment, companies [URL='https://www.cnbc.com/2019/03/25/share-buybacks-soar-to-a-record-topping-800-billion-bigger-than-a-facebook-or-exxon-mobil.html']bought back a record $806 billion in shares[/URL] in 2018, sending stock prices further upward. As far as tax revenue (this is from a couple years ago), The U.S. Treasury reported that from fiscal year 2017 to FY 2018, the federal budget deficit increased by [URL='https://fiscal.treasury.gov/files/reports-statements/financial-report/2018/03282019-FR(Final).pdf']$113 billion[/URL] while corporate tax receipts fell by about [URL='https://fiscal.treasury.gov/files/reports-statements/financial-report/2018/03282019-FR(Final).pdf']$90 billion[/URL], which would account for nearly 80 percent of the deficit increase. Though the Trump administration and the Congressional Budget Office (CBO) projected corporate revenues to bounce back somewhat in FY 2019, there is no sign yet that that is happening, with 11 of 12 months having already been reported for FY 2019. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
Paul Ryan says Trump is more likely to lose a bid for the White House than any other Republican
Top