Tax Revenues Jump 13% To Record High In April — When Will Dems Admit They Were Wrong?

[Soggy in NOLA]

hail The Great Obama

I'm going with Harry Truman!

 

[ElmerMudd]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

You fail to say the deficit for the first 6 months of fiscal year 2018 is close to 600 billion dollars. The last year of Obama's Presidency the deficit for the whole year was less than 700 billion.
The CBO is forecasting increasing deficit over the next two years considering the tax cut and it's affect on the economy.

Talk about manipulating the stats

The tax cut reduced the deficit, moron. Revenues went up, not down. The deficit went up because of the budget bill laden with Democrat pork.

The Republicans have the House and the Senate and full control of the budget, moron.
you are a fricking idiot.

 

[bripat9643]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

You fail to say the deficit for the first 6 months of fiscal year 2018 is close to 600 billion dollars. The last year of Obama's Presidency the deficit for the whole year was less than 700 billion.
The CBO is forecasting increasing deficit over the next two years considering the tax cut and it's affect on the economy.

Talk about manipulating the stats

The tax cut reduced the deficit, moron. Revenues went up, not down. The deficit went up because of the budget bill laden with Democrat pork.

Why do these morons struggle with math?

The deficit has increased since the ill advised Trump tax cuts

What "math" says the increasing revenues causes a larger deficit?

You are a special kind of stupid.

Poor, poor fIngerboy

Cutting revenue while maintaining existing spending INCREASES your deficit

Just like we are seeing with Crooked Donnie

Revenue increased, you fucking moron. How many times do you have to be told that? It's the subject of the OP. Does reality impinge on your brain at any point?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%.​

 

[ElmerMudd]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

More logic from this dumbass.

If tax cuts always increase revenues then lets cut taxes by 5% every year & according to you in 25 years, no one will be paying taxes & the revenues will skyrocket.

Within Reason dumbass................Oh.......they are saying cut all taxes and Revenue will go up.

Brain Damage.

I haven't read the thread yet other than skimming the op article,

however, from the title and the first paragraph or so in the op article it implies these tax cuts that passed reflected the money collected in April 2018 for Income taxes owed and PAID... for last year's, 2017's income tax obligations, of which there were no tax cuts effective at the time that generated these revenues?

So the premise that this year's tax revenues collected were from some sort of tax cut stimulating and affecting the market, by increasing employment which in turn increased revenues...and made up for the tax revenue decrease caused by the tax cut....

No such thing was proven yet....revenues collected this past April are from taxes collected for 2017 tax laws in place, of which the tax cuts had not been in place until 2018.

We'll know more NEXT YEAR in April 2019 if the tax cuts affecting 2018's tax revenues, brought in more or less revenue than 2017's April take....or basically, whether if "Tax cuts, pay for themselves".

Absolutely correct.
It will take time to determine the effect of the tax cuts.
But idiots like the OP hear one small bit of data and do not have the critical thinking skill to look at all the implications and make an absolutely dumbass claim.

 

[eagle1462010]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

You fail to say the deficit for the first 6 months of fiscal year 2018 is close to 600 billion dollars. The last year of Obama's Presidency the deficit for the whole year was less than 700 billion.
The CBO is forecasting increasing deficit over the next two years considering the tax cut and it's affect on the economy.

Talk about manipulating the stats

The tax cut reduced the deficit, moron. Revenues went up, not down. The deficit went up because of the budget bill laden with Democrat pork.

The Republicans have the House and the Senate and full control of the budget, moron.
you are a fricking idiot.

They'd have to go Nuclear like the Dems under Obama. They had trouble passing shit when they had both. There are rules and ways to kill bills when you don't have a super majority.

 

[eagle1462010]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

More logic from this dumbass.

If tax cuts always increase revenues then lets cut taxes by 5% every year & according to you in 25 years, no one will be paying taxes & the revenues will skyrocket.

Within Reason dumbass................Oh.......they are saying cut all taxes and Revenue will go up.

Brain Damage.

I haven't read the thread yet other than skimming the op article,

however, from the title and the first paragraph or so in the op article it implies these tax cuts that passed reflected the money collected in April 2018 for Income taxes owed and PAID... for last year's, 2017's income tax obligations, of which there were no tax cuts effective at the time that generated these revenues?

So the premise that this year's tax revenues collected were from some sort of tax cut stimulating and affecting the market, by increasing employment which in turn increased revenues...and made up for the tax revenue decrease caused by the tax cut....

No such thing was proven yet....revenues collected this past April are from taxes collected for 2017 tax laws in place, of which the tax cuts had not been in place until 2018.

We'll know more NEXT YEAR in April 2019 if the tax cuts affecting 2018's tax revenues, brought in more or less revenue than 2017's April take....or basically, whether if "Tax cuts, pay for themselves".

Absolutely correct.
It will take time to determine the effect of the tax cuts.
But idiots like the OP hear one small bit of data and do not have the critical thinking skill to look at all the implications and make an absolutely dumbass claim.

I'd say the speculation based on the cuts and lower regulations played a part in it. You.......Not so much.

 

[ElmerMudd]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

You fail to say the deficit for the first 6 months of fiscal year 2018 is close to 600 billion dollars. The last year of Obama's Presidency the deficit for the whole year was less than 700 billion.
The CBO is forecasting increasing deficit over the next two years considering the tax cut and it's affect on the economy.

Talk about manipulating the stats

The tax cut reduced the deficit, moron. Revenues went up, not down. The deficit went up because of the budget bill laden with Democrat pork.

The Republicans have the House and the Senate and full control of the budget, moron.
you are a fricking idiot.

They'd have to go Nuclear like the Dems under Obama. They had trouble passing shit when they had both. There are rules and ways to kill bills when you don't have a super majority.

That was not the case. The Republicans could not get all members to agree on the budget. Republicans threw the wrench in the deal.
If the Republicans could agree the democrats could not have done a thing.

Quit making stuff up!!!!!!!!!!!!!!

 

[JakeStarkey]

When the GoP is in charge, it is always the Dem's fault.

 

[eagle1462010]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

You fail to say the deficit for the first 6 months of fiscal year 2018 is close to 600 billion dollars. The last year of Obama's Presidency the deficit for the whole year was less than 700 billion.
The CBO is forecasting increasing deficit over the next two years considering the tax cut and it's affect on the economy.

Talk about manipulating the stats

The tax cut reduced the deficit, moron. Revenues went up, not down. The deficit went up because of the budget bill laden with Democrat pork.

The Republicans have the House and the Senate and full control of the budget, moron.
you are a fricking idiot.

They'd have to go Nuclear like the Dems under Obama. They had trouble passing shit when they had both. There are rules and ways to kill bills when you don't have a super majority.

That was not the case. The Republicans could not get all members to agree on the budget. Republicans threw the wrench in the deal.
If the Republicans could agree the democrats could not have done a thing.

Quit making stuff up!!!!!!!!!!!!!!

There are rules..............or under Obama in the first couple of years could have gotten any budget he wanted. He didn't now did he................Just like another poster said he didn't get his budget for 7 years..........sniff sniff.

RINO'S don't want the Trump agenda either........why your side is praising one of them who's not long for this world.

 

[Cellblock2429]

Once again, snowflake claims about tax cuts are proven wrong. Everything they know is wrong.

Trump Tax Cuts: Revenues Hit Record High In April

The federal government collected far more taxes this April than it did a year ago, despite the "budget busting" Trump tax cuts. So, we'll ask again: Are the tax cuts paying for themselves?

According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.

For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%. That's a faster rate of growth than occurred during President Obama's last years in office. (See nearby chart.)

Individual taxes, the CBO report says, are up 11.5% so far this fiscal year, and payroll taxes are up 2.8%. Both are signs of a healthy labor market, which is creating more jobs, higher wages and, as a result, more tax revenues. Those gains, the CBO says, more than offset the 22% decline in corporate income taxes.

In other words, in a fiscal year that's seven months old (four of which were after the tax cuts went into effect), federal revenues are higher than ever.

Or, to put it another way, it looks like those of us who predicted the pro-growth tax cuts would at least partially pay for themselves through increased economic growth were correct.

The CBO admitted as much earlier this year, when it sharply increased its forecast for economic growth this year and next, largely because of Trump's tax cuts. That, in turn, will generate $1 trillion more in revenues than expected.​

/----/ Democrats' Economic Quandary in 2018 Messaging | RealClearPolitics
Dems Ponder How to Run Against Improving Economy...

BWHAHAHAHAHAHAHAHA

 

[eagle1462010]

When the GoP is in charge, it is always the Dem's fault.

Your side had everything and couldn't get what you wanted...........

Might be because your argument is BS.

 

[The Original Tree]

13% Tax Revenue Increase!
Crumbs!

 

[JakeStarkey]

When the GoP is in charge, it is always the Dem's fault.

Your side had everything and couldn't get what you wanted...........

Might be because your argument is BS.

Has the GOP had the house, senate, SCOTUS, and WH this admin?

Why, yes, it has.

All faults, then, belong to the GOP.

 

[eagle1462010]

When the GoP is in charge, it is always the Dem's fault.

Your side had everything and couldn't get what you wanted...........

Might be because your argument is BS.

Has the GOP had the house, senate, SCOTUS, and WH this admin?

Why, yes, it has.

All faults, then, belong to the GOP.

And your side had it all. Couldn't pass your budget now could you.............weren't you the one bragging on that earlier.

 

[eagle1462010]

I'm glad that Fakey has finally admitted he's a liberal..........he denied it so long.

 

[JakeStarkey]

I still vote mainstream Republicans, but with an asshole like Trump and those assholes supporting Trump, I had to vote for McMullin. All who voted for Trump voted liberal demolite. I never will support Trump or those who support him.

It's good to see the alt right admit that they are not conservative. Eagle voted for demolite: he is not conservative.

 

[eagle1462010]

I still vote mainstream Republicans, but with an asshole like Trump and those assholes supporting Trump, I had to vote for McMullin. All who voted for Trump voted liberal demolite. I never will support Trump or those who support him.

It's good to see the alt right admit that they are not conservative. Eagle voted for demolite: he is not conservative.

View attachment 193289

You have been kissing Obama's ass lately.

Pardon me when I say BS.

 

[JakeStarkey]

I still vote mainstream Republicans, but with an asshole like Trump and those assholes supporting Trump, I had to vote for McMullin. All who voted for Trump voted liberal demolite. I never will support Trump or those who support him.

It's good to see the alt right admit that they are not conservative. Eagle voted for demolite: he is not conservative.

View attachment 193289

You have been kissing Obama's ass lately. Pardon me when I say BS.

Obama is a giant to Trump's Lilliputian nuttiness.

Obama put him in his place in 2011, and the little wanker still cries about it.

 

[Faun]

I've noticed that states that don't provide much for citizens are all federal leeches...

And here goes the Red State Rant..................Revenues are up..........why you bitching,,,,,,,,,,,,

U.S. National Debt Clock : Real Time

I've been using that site and the debt to the penny site forever................Funny now your side is using it to attack Trump.

How much did Obama add to the debt............hmmmm

More than all the other Presidents before him.............hmmmm

And Suddenly you care.

Certainly you don’t mean “all other presidents before him” combined? The last president to do that was Reagan.

Now you play the percentage game.............expected...it's the same game played on Tax cut for the rich.............as you don't take into account that those with more money get more money back.......and as you ignore that business passes on the taxes in the price of the product.

America needs better paying jobs..............and you don't get that by punishing those you want to invest.

It's not a game. It's called reality. If you were meant to say Obama added more debt than all other presidents combined, you're merely full of shit -- he didn't.

You're also ignoring the reality that he stepped on an IED we formerly knew as our economy, when he became president. That greatly contributed to the debt which had nothing to do with his policies; and you're also assigning debt to him that was built into the budget by Bush, whose budget we were still operating under for the first few months of Obama's presidency.

But my favorite part is that conservatives can no longer lucidly bitch about the debt under Obama as they ignore the trillion dollars Trump has added in a good economy.

 

[Faun]

Fucking moron.... the tax cuts weren’t in effect for the first three months of FY2018 ... and much of the revenue collected in April are from folks who file annually, which is based off of 2017 income — also not affected by the tax cuts which didn’t go into effect until 2018.

Wrong. People can adjust the amount witheld immediately by filing a new W4 form. The law took effect on November 2, 2017

Fucking moron ... any taxes paid after the 1st of the year when Trump's tax cuts went into effect would apply to taxes in 2018, not 2017.

Taxes are taken from every paycheck, moron. The amount taken out now is determined by Trump's tax cut, unless you're a moron who didn't file a new W4 form.

Fucking moron, we’re talking about tax revenues that were due in April. You should know this because this is your thread.

Employees who have taxes taken out this year are for taxes due next April.

You're such a fucking moron. Taxes taken out of your check in April are registered as revenue for the federal government in April. The government doesn't stick in a bank somewhere and then collect it at the end of the year.

Fucking moron....

The government is taking less out of my paycheck since Trump's tax cuts went into effect -- how the fuck do you think the government is taking in more revenue than ever if they're taking less from tax payers? Obviously, there were other factors which caused the record high, unrelated to Trump's tax cuts.