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

[bripat9643]

Source: NYT

Enough said. How can anyone credible claim Obama is responsible for only 16.8% of the debt?

 

[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.​

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 no 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".

You're just another ding dong who doesn't understand how withholding works.

Tax Cuts and Jobs Act of 2017 - Wikipedia

Pub.L. 115–97, an Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,[1] is a congressional revenue act originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA).[2][3]​

 

[JakeStarkey]

How much did the deficit grow?

You mean under Obama? He added $7.917 trillion, a 68 percent increase, in seven years.

-Geaux

Considering Obama did not get his first budget until his 7th year, you better go look again.

No one gets their budget anymore. Always a continued Resolution.
LOL

Obama got his budget in his seventh year, and Ryan caved in for a budget this year. Go read, eagle.

 

[rightwinger]

Not nearly as much as 2017 Fingerboy

Pure anticipation of Obama's departure. To claim otherwise is to be......a moron.

How then do you explain the stock market rising 12, 500 points under The Great Obama?

 

[JakeStarkey]

Not nearly as much as 2017 Fingerboy

Pure anticipation of Obama's departure. To claim otherwise is to be......a moron.

How then do you explain the stock market rising 12, 500 points under The Great Obama?

Thank you, President Obama.

 

[rightwinger]

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

 

[NotfooledbyW]

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.​

Wait a munute rightvwinger, the ACA is still law. You morons said it was a job killer and economic growth stifler. How can any of this be happening.

No proof tax cuts did anything, except reduce the revenue more than it would have been reduced under Obama. Still a right winger failure in debt reduction - wasting tax cuts in the rich when jobs are being created anyway.

 

[JakeStarkey]

RW never said ACA was a job killer or an economic growth stifler.

The deficit continues to grow despite the tax cut.

 

[Care4all]

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 no 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".

You're just another ding dong who doesn't understand how withholding works.

Tax Cuts and Jobs Act of 2017 - Wikipedia

Pub.L. 115–97, an Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,[1] is a congressional revenue act originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA).[2][3]​

silly willy! The ''tax cut of 2017'' legislation passed in Nov or Dec of 2017, effective for Jan 1 2018- Dec 31 2018 tax revenue year, filed in April of 2019.

 

[rightwinger]

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.​

Wait a munute rightvwinger, the ACA is still law. You morons said it was a job killer and economic growth stifler. How can any of this be happening.

No proof tax cuts did anything, except reduce the revenue more than it would have been reduced under Obama. Still a right winger failure in debt reduction - wasting tax cuts in the rich when jobs are being created anyway.

Don’t you dare call it ACA

It is Obamacare! Named after the Great Obama

 

[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.

 

[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.​

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 no 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".

You're just another ding dong who doesn't understand how withholding works.

Tax Cuts and Jobs Act of 2017 - Wikipedia

Pub.L. 115–97, an Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,[1] is a congressional revenue act originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA).[2][3]​

silly willy! The ''tax cut of 2017'' legislation passed in Nov or Dec of 2017, effective for Jan 1 2018- Dec 31 2018 tax revenue year, filed in April of 2019.

It was actually effective in Oct 2016, but effective Jan 1 2018- Dec 31 2018 means revenue in April was based on that legislation.

You really aren't too good at this logic stuff, are you?

 

[JakeStarkey]

hail The Great Obama

 

[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".

Businesses and the Markets speculate in advance. Someone burps............they either panic sell or buy.

So speculating on the savings will play a bit in the time after passage.

Either way. Its a Record for the month in Revenue.

 

[eagle1462010]

How much did the deficit grow?

You mean under Obama? He added $7.917 trillion, a 68 percent increase, in seven years.

-Geaux

Considering Obama did not get his first budget until his 7th year, you better go look again.

No one gets their budget anymore. Always a continued Resolution.
LOL

Obama got his budget in his seventh year, and Ryan caved in for a budget this year. Go read, eagle.

They always do it by a Continuing Resolution...........PERIOD...........Budget is never done as it's supposed to be done. And it's always done at the last second of the last day for Drama. Why the entire lot of them need to be fired.

While we are firing them get rid of all the BS they ad to bills...............BRIBES for votes. EARMARKS. I give you this you vote for me crap. If that spending is worth it salt vote on it separately.

 

[rightwinger]

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

 

[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.

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

2 edged sword. If it promotes growth then your point is mute. As it has happened under other Presidents such as Kennedy. Who was actually a Dem we could deal with. You and your clowns.........not so much.

Keep the Change on Obama. Oh..........I'm sorry........his legacy is almost dead.

 

[Care4all]

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".

Businesses and the Markets speculate in advance. Someone burps............they either panic sell or buy.

So speculating on the savings will play a bit in the time after passage.

Either way. Its a Record for the month in Revenue.

Which is good! Agree!

 

[rightwinger]

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

2 edged sword. If it promotes growth then your point is mute. As it has happened under other Presidents such as Kennedy. Who was actually a Dem we could deal with. You and your clowns.........not so much.

Keep the Change on Obama. Oh..........I'm sorry........his legacy is almost dead.

Moot

 

[eagle1462010]

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

2 edged sword. If it promotes growth then your point is mute. As it has happened under other Presidents such as Kennedy. Who was actually a Dem we could deal with. You and your clowns.........not so much.

Keep the Change on Obama. Oh..........I'm sorry........his legacy is almost dead.

Moot

We'll see.......Manufacturing is coming back........after being in a death spiral for ages.

We'll see if it's Moot.