27,000!!! Will Mr Krugman and Summers report to the ER there are doctors waiting
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Level 1
28% drop in illegal entry since Trump issued threat to Mexico. Promise kept(Mexico is paying for it)
BaronVonZemo64477 postsThis soloution wouldn’t have even occurred to the Left.
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Level 3
No because we need a lot more than just a 28% drop, but it’s a start.
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Level 3
We need a budget for providing a nice hotel to a million illegals.
I'm guessing a wall is cheaper.
Evil preaches tolerance until it is dominant, then it tries to silence good.
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Level 2
You let me down sold everything Dow at 27,259 will it stop going up, what should I do now?
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Level 2
It will if they give 5 yr near-0 rate to Trump. Where else can you park cheap $ except stock market?
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Level 4
It doesn't matter to whom. The point is the market is pricing rate cut this & next yr. So, if we
have 3 more years rate cut or staying near-zero rate by Feds (totally 5 years as I said), the market will continue going up by pricing those cuts. Of course I am not saying Feds will cut rate and keep near-zero rate. I am not saying I encourage this 5 year near-zero rate policy either.
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Level 5
Why not waste what little dry powder we have on making Trump look better?
Seems logical.
1. Deficit-funded stimulus in a growing economy? Done.
2. Monetary policy Fed rate reductions down from 2.25%? Done.Are you kind?-
Level 6
You think Trump really cares about Wall st? He's forcing Fed to help in his trade war which is for
mainstreet economy of America. You do know the real head of China's Fed is Xi, don't you?
As for deficits, it's mostly due to spending. As early as June 2017, before tax cut became a law, CBO already estimated that the federal deficits would increase in next coming years. But, at least individual income taxes collected did rise in fiscal 2018 due to tax cut. Corporations need time to figure out how o re-invest their tax cuts. It's probably not 1 or 2 years thing.
Link: https://forum.uhnd.com/forum/index.php?action=display&forumid=2&msgid=510118
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Level 7
Setting aside your strategies, please stop with the revenue rising because of the tax cut.
Revenue always rises, except in a recession. It rises because the GDP grows, and because of inflation. In other words, if inflation is 2%, and GDP growth (as reported "net") is 2.5%, then the actual GDP rose 4.5% in absolute terms. That growth is due to economic activity that is taxed. It happens every year outside of a recession when there is NOT a tax cut.
Thus, "But, at least individual income taxes collected did rise in fiscal 2018 due to tax cut" is completely wrong. If this is the basis on which you think Trump's tax cuts were genius, then I am relieved because you will no longer feel that way now.
As to your other point, let's start with whether the President should be able to use the Fed as a strategic tool for anything. The answer is no. The Fed should respond to the economy, not the president.
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Level 8
Strange. You already quoted my "individual income taxes", so you know what I am referring to. But,
you still brought up the tax revenues generated by total GDP (of which, individual income is only a part of). And also you do know "individual income taxes", for most people, are just taxes from wages which haven't changed much for long time.
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Level 9
I am talking about your causation assertion.
Revenues (from any source) did not increase because of the tax cut. Revenues increased in spite of the tax cut. I explained that the cause of revenue increase was GDP growth that happens every year. There is GDP growth in years without tax cuts. Tax revenues increase those years. I'll make it simple. Tax revenue increased every year after the Great Recession, regardless of whether there was a tax cut. Tax cuts do not create revenue increases.
That is a truth that is pretty well-settled.
So please get it out of your mind that the Trump tax cut caused an increase in tax revenue (as compared to what tax revenue would have been without the tax cut).
Are you kind?
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End of conversation