It's Official: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves

Yet he never gives objectivity factual hard numbers: he is just mumbling words.

 

Refute my answer.

 

I'm with @Jake Starkey. You answers make no sense so get no response.

It's Official: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves

 

Well that's true if were only looking at what we have today. But those tax cuts were put in place to make America more competitive and to bring business back that left and bring in new business. When new business comes in, they pay taxes we weren't getting before. When they hire, that is more employees paying taxes that weren't paying before. If many of them come off the welfare rolls, that taxes we save. When these people and companies buy, that's even more taxes paid. It seems to be working.

Obama Flashback: Jobs NOT Coming Back Under Trump
https://conservativetribune.com/obama-jobs-not-back-trump


LG Electronics
Building U.S. Factory After President Trump Criticism ...
Fortune.com/2017/02/28/lg-electronics-us-factory/
Feb 28, 2017 - LG rival Samsung Electronics was also considering building a U.S. Manufacturing plant as a response to criticisms about imports from Trump,

ExxonMobil

On March 6, CEO Darren Woods said the company is investing $20 billion in Gulf Coast manufacturing operations over 10 years, creating 45,000 jobs.

Charter Communications

On March 24, Charter Communications announced plans to invest $25 billion in the United States and to hire 20,000 American workers in the next four years.

U.S. Steel: 10,000 Jobs

Next, during a December 7 broadcast of CNBC’s Power Lunch, the CEO of U.S. Steel Mario Longhi said that after the election of Donald Trump, he has “felt an environment of positive optimism where forces are converging to provide for a better environment,” which he hopes means he can rehire up to 10,000 employees who had been laid off.

IBM: 25,000 Jobs

A week after U.S. Steel noted its bullish outlook on the U.S. Economy, computing giant IBM also found its outlook had brightened and reported that it expects to create up to 25,000 new jobs in the U.S.

Hasbro
Is to start making play-doh in the U.S. Again.
U.S. Hasbro, Inc. Is returning to the U.S. And will make the beloved children’s modeling clay in a Massachusetts factory rather than in China or Turkey.

Toyota and Mazda
To build $1.6 billion factory in the U.S ...
Money.CNN.com/2017/08/04/news/economy/Mazda-Toyota-jobs-factory...
Aug 04, 2017 · Toyota and Mazda have announced plans to build a $1.6 billion manufacturing plant in the United States that will create as many as 4,000 jobs.

Fiat
Chrysler Is Moving a Plant From Mexico to Michigan ...
Fortune.com/2018/01/12/fiat-Chrysler-Michigan-Mexico-nafta
Fiat Chrysler said it will shift Ram pickup truck production from Mexico to Michigan, lowering risk if President Trump pulls out of NAFTA.

Apple
Creates 2,000 jobs shifting production back to US ...
https://www.theguardian.com/technology/2013/nov/05/apple-creates...
Apple creates 2,000 jobs shifting production back to US ... Engineering and construction jobs at a new plant in ... The first Macintosh computer made in America since ...

Bayer AG (ADR)
Bayer representatives announced that as part of their purchase of Monsanto, they were committing to keeping Monsanto’s 9,000 U.S. Jobs in the country, plus adding 3,000 new high-tech jobs for American workers.

Ford Motor Company (NYSE:F)
Ford Motor Company had been planning to build a $1.6 billion factory in Mexico.
Instead, the company announced it was cancelling the Mexican car factory and added that it would invest $700 million to expand its Flat Rock Michigan factory. The money will go toward manufacturing high-tech electric, hybrid and autonomous cars and adds 700 U.S. Jobs.

Hyundai Motor Co


The South Korean auto maker announced it will boost its spending in the U.S. By 50% over planned levels, spending $3.1 billion over the next five years.

That money will go to retooling Hyundai’s existing U.S. Factories and research into high-tech systems such as autonomous vehicles. Hyundai said it is also considering building a new factory specifically to build premium vehicles for the U.S. Market.

The company didn’t give specific number for job creation, but with that kind of expenditure — and the possibility of a new factory — it’s definitely going to be more jobs for American workers.

It's Chinese-made in America.

"My production cost per ton of textiles is 25 percent lower [there]."

In addition, he said, wages for him in China have been increasing 30 percent each year for much of the past decade. He has pledged $220 million to build and expand a facility in South Carolina and plans to eventually move the entire business to the U.S. Where he plans to employ more than 500 people by the end of the year.

https://finance.yahoo.com/news/apos-made-china-apos-could-042148976.html


Intel, in Show of Support for Trump, Announces Factory in Arizona …
https://www.nytimes.com/.../trump-intel-chip-factory-arizona.html
Feb 08, 2017 · “The people of Arizona will be very happy. It’s a lot of jobs,” President Trump said after

 

Correction: the federal government will end up broke. Not the country.

 

See #946

 

Not only is Apple going to build a plant here, they are also bringing back over 350 billion dollars from off shore banks, which they will pay 38 billion in taxes.

Apple, Returning Overseas Cash, to Pay $38 Billion Tax ...
https://www.bloomberg.com/news/articles/2018-01-17/apple-expects...
Jan 17, 2018 · Watch video · Apple has largest offshore cash ... bring overseas cash reserves back home in one year ... as part of $350 billion that Apple expects to ...

 

Sad when people hate so hard they entertain poverty over prosperity just for no other reason than spite.

 

You're with him in that you can't refute facts and my answers are perfectly clear and backed by the data.

What are you specifically disputing?

 

Again refute my post which I back with hard numbers, your bromides and platitudes lack any intellectual merit.

What specifically are you disputing?

 

Check it out, it's the CRA conspiracy theory! Hearing it is one sure sign you're talking to a supply side fantasy cultist.

Banks subject to the CRA did not make more subprime loans than banks that weren't. That very simple fact is not debatable, and it totally destroys the "It was the CRA!" conspiracy theory.

So why do the supply side cultists still toss out that debunked conspiracy theory? So they can blame minorities instead of their failed supply side religion.

Toss those race cards! Toss the whole deck!

Anyone stating how F&F were behind the bubble should be laughed at extra hard. F&F _chased_ the bubble as it deflated and lost money. That's a totally different thing from initiating the bubble.

 

This is a source that conservatives were quoting as gospel, back when it was predicting 5% growth.

https://www.frbatlanta.org/-/media/documents/cqer/researchcq/gdpnow/RealGDPTrackingSlides.pdf

It's now predicting 2.0% growth for 1Q 2018.

Obama left us with a 2.5% economy. Trump's policies are _decreasing_ GDP growth. And so your supply side fantasy crashes down.

 

Utter uninformed, nonsense.

Yaaawwnnnn....don't forget that, in addition to all of this, investment houses were NOT ALLOWED to trade in MORTGAGE-BACKED SECURITIES...until Billy Boy rescinded THAT long-standing executive order, also.

Here's How The Community Reinvestment Act Led To The Housing Bubble's Lax Lending


Earlier this week I noted that I had changed my mind on the Community Reinvestment Act.

Contrary to my initial conclusion, the evidence is overwhelming that the CRA played a significant role in creating lax lending standards that fueled the housing bubble. Once I realized this, I had to abandon my suspicion that the anti-CRA case was a figment of the rhetoric of Republicans attempting to distract attention from their own role in the mortgage mess.


http://www.businessinsider.com/the-cra-debate-a-users-guide-2009-6

How Fannie, Freddie and Politicians Caused the Crisis

https://www.realclearmarkets.com/ar...contaminate_global_mortgage_market_99455.html


What Caused the Subprime Mortgage Crisis?

https://www.thebalance.com/what-caused-the-subprime-mortgage-crisis-3305696

 

CBO just upped it's projection for Q4-Q4 to 3.3%

 

This has yet to be determined, and depends on who you ask, as far as 1st quarter this year.

Econoday.com's consensus forecast sees first-quarter growth slowing to 2.0%, for example - well below the 2.9% increase in last year's fourth quarter. But the possibility of an upside surprise can't be ruled out. The current estimates via Now-Casting.com and the St. Louis Fed's nowcast, for instance, call for 3%-plus growth in Q1 - well above recent surveys of economists.



The tax cuts have not even FULLY KICKED IN YET....give it a year, and then let's talk.

 

The hard fact is that banks subject to the CRA did not issue more subprime loans than other banks.

https://files.stlouisfed.org/files/htdocs/wp/2012/2012-005.pdf

I understand why you're hiding behind an opinion piece where a guy states his feelings. The had facts destroy your conspiracy theory. If banks subject to the CRA didn't issue more subprime loans, as indeed was the case, then the CRA could not have been a cause of more subprime loans. Causation requires correlation, and there isn't any.

Perhaps you should start reading reading your own sources. That one very specifically says that F&F and the CRA did not cause the subprime mortgage crisis. Thanks for providing a source that backs me up so solidly.

 

Bluesguy has given nothing of the sort. He certainly never analyzes his opinions.

 

One last time. I am disputing:
Trump tax cuts are mostly paying for themselves.
Forgetting that Trump just signed a budget deal that increases spending, for the tax bill to pay for itself the tax revenue for Feb. and March should have grown by about 17.5 billion over the same months in 2017 due to wage increases and the normal increase in workforce from population growth.
In fact revenue for Feb. and March are down by 21.9 billion from the same period of last year.
So we are short 39.4 billion dollars so far from where we would have been without the tax cuts.
I'm not trying to say there should not be some stimulus from the tax cuts, but I think it is safe to say it ain't here yet.

 

Obama left an economy plunging toward zero.

Gibberish

 

You don't give a damn about deficits, you are all pissed up because the Irredeemable Deplorables get to keep more of their own money rather than being forced to surrender it to Government Workers who largely support the Democrat Party.

 

Should have read them ALL:

Miss this...from the link you are trying to "cherry pick"?

The subprime mortgage crisis was caused by hedge funds, banks and insurance companies. The first two created mortgage-backed securities. The insurance companies covered them with credit default swaps.

That was ILLEGAL, until Billy Boy rescinded the EO making it so. thus allowing investment houses to deal in mortgage-backed securities, which was the final brick in the wall of the economelt, set up by the CRA, the GSEs, and then Clinton's IDIOCY allowing the trading in mortgage securities.

ALL OF IT DEMOCRAT POLICIES and ACTIONS. ALL OF IT.


How Fannie, Freddie and Politicians Caused the Crisis

https://www.realclearmarkets.com/ar...contaminate_global_mortgage_market_99455.html


Here's How The Community Reinvestment Act Led To The Housing Bubble's Lax Lending


Earlier this week I noted that I had changed my mind on the Community Reinvestment Act.

Contrary to my initial conclusion, the evidence is overwhelming that the CRA played a significant role in creating lax lending standards that fueled the housing bubble. Once I realized this, I had to abandon my suspicion that the anti-CRA case was a figment of the rhetoric of Republicans attempting to distract attention from their own role in the mortgage mess.

 

Two confused opinion pieces don't override hard facts, no matter how often you quote them.

 

Yet Obama's steady 2.5% was higher than Trump's current 2.0%.

Interesting, how so many conservatives want the economy to fail. And how some can't figure out the difference between quarterly and annual.

 

Oops, dupe post.

 

Obama missed 2.5% growth 5 out of 8 years.

2017 produced 2.27% This included a dud quarter as Obama limped off. Trump's first full 3 quarters averaged 3.07% annualized growth.