$1.5 trillion U.S. tax cut has no major impact

Jan 2016
46,323
42,246
Colorado
#52
The annual number is the important metric due to seasonality, as you have stated.
The consensus forecast for 2019 economic growth is 2.3%. That will be quite a big slowdown from the 3.1% for 2018. And then 2020, when more and more forecasters are expecting the next RECESSION.....
 
Apr 2015
12,898
2,198
Katmandu
#55
The consensus forecast for 2019 economic growth is 2.3%. That will be quite a big slowdown from the 3.1% for 2018. And then 2020, when more and more forecasters are expecting the next RECESSION.....
That's 50% higher than Obama left us with in 2016, would you rather have 2.3% or 1.5%? Especially as an retiree?
 
Jun 2014
44,720
44,103
United States
#58
Well since Federal Tax revenues increase in FY 2018, I think we know the answer to that one.

Federal tax revenues tend to increase alongside the increase in population regardless of tax policies. Tax revenues are now less than they would have been had Trump not been elected.
 
Apr 2015
12,898
2,198
Katmandu
#59
Federal tax revenues tend to increase alongside the increase in population regardless of tax policies. Tax revenues are now less than they would have been had Trump not been elected.
Not really, had we continued on with Obama's declining economic growth rate, you collect a lot more tax revenue on a 2.4% growth economy and a 3%+ growth economy than a 1.5% growth economy.