Go Figure: Tax Revenues Climbed $18 Billion In First Month Of GOP Tax Cuts

Discussion in 'Politics' started by Rastus, Feb 13, 2018.

  1. Rastus

    Rastus ..What Goes Around Comes Around.. AD-FREE USER

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    Fiscal Policy: The Congressional Budget Office says that federal revenues in January added up to $362 billion. That's an increase of $18 billion— or 5.2% — from the year before. As a result, the government ran a surplus of $51 billion that month, which is equal to the previous January.

    Wait, weren't the tax cuts supposed to bankrupt the country to benefit the rich? It almost looks like the tax cuts — which took effect in January — are paying for themselves.
    https://www.investors.com/politics/editorials/revenues-climb-5-2-in-first-month-of-gop-tax-cuts/

    Cut taxes and revenues go up. It’s so simple yet so hard to explain to democrats.
     
    Bubba74, SAC75 and falconfan like this.
  2. CCXdriver

    CCXdriver Well-Known Member

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    Do you even click on your own links?

     
  3. CCXdriver

    CCXdriver Well-Known Member

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    Do you even read the articles you link to?

     
  4. Northern Flash

    Northern Flash They will make you look foolish. AD-FREE USER

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    Some companies made the tax changes over three weeks ago, although it wasn't required to do so.
    So the affects are already on display.
    Surely you aren't doubting that tax cuts raise revenue to the treasury?
     
  5. Bubba74

    Bubba74 Well-Known Member

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    I would be happier if they would not have spent an additional trillion
    The "crumbs" they brought in doesnt cover the "bread" that they spent
     
  6. Rastus

    Rastus ..What Goes Around Comes Around.. AD-FREE USER

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    Yeah I read it, revenues are up over 5.2% over last year. Why?
    Raises, bonuses, reinvestments all in preparation of tax cuts.
     
  7. Rastus

    Rastus ..What Goes Around Comes Around.. AD-FREE USER

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    Remember back when the Democrats tried to sell Obamacare to a skeptical citizenry as health care “reform” that would cost “only” $848 billion—far less than a trillion—over a decade? Indeed, that was the alleged 10-year gross cost of Obamacare’s coverage provisions.

    Well, now the CBO is out with a new report on Obamacare’s costs, and—sure enough—its 10-year price-tag now eclipses $2 trillion. To be more exact, the CBO now projects (see Table B-1) that the 10-year gross cost of Obamacare’s coverage provisions will be a cool $2,004,000,000,000.00. http://www.weeklystandard.com/cbo-o...ts-will-now-eclipse-2-trillion/article/778723
    CBO’s estimates are so far off a good guess is more accurate.
    Obamacare cost almost 2.5 times more their guess. Why anyone even puts any weight in the cbo is beyond me.
    You’re right their guess was in the article so was the increase of $18 trillion yoy.
     
  8. Bubba74

    Bubba74 Well-Known Member

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    The CBO is used like raw dollars vs percentages
    what ever fits the narrative
     
  9. Rastus

    Rastus ..What Goes Around Comes Around.. AD-FREE USER

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    Also democrats hate good news for America.
     
  10. Northern Flash

    Northern Flash They will make you look foolish. AD-FREE USER

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    The CBO has been politicized just like everything else nowadays. It should also be shut down, then started over with unbiased people.
    Obama weaponized every department within our govt. His one success is how he infiltrated and corrupted every govt. agency.
     

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