Trumps Cut Taxes, Grow Economy,Booming...

Cut Taxes, Grow Economy

Despite the naysayers, the latest GDP report reveals more good economic news for the nation.

It's not news that the economy has emerged from the doldrums of the previous administration and is growing at a healthy pace. Yesterday's release of fourth-quarter and full-year GDP numbers was another confirmation.
Fourth-quarter growth was a modest but higher-than-expected 2.6%, slowing from 3.4% in the third quarter and 4.2% in the second, and growth for the calendar year 2018 was a healthy 2.9%. Yes, that's just shy of President Donald Trump's promise to grow the economy at 3% or more each year. Yes, it marks a record 13th straight year without 3% growth. And yes, the government shutdown may have put just enough drag on the economy that it missed the 3% mark.

But the White House offered a slightly different measurement, backed up by Bloomberg: "GDP grew by 3.1 percent from the fourth quarter of 2017 to the fourth quarter of 2018," which "represents $280 billion more in American economic output" than if previous trends had continued. In any case, it's part of a significant upward trend since Trump took office. Remember when Barack Obama and his Keynesian stimulus pals informed us that 2% growth may be the "new normal"? Or when former Obama adviser Larry Summers dismissed the idea that tax cuts would yield growth unless "you believe in tooth fairies and ludicrous supply-side economics"?

Well, according to Jim Moran, chief investment officer at Plante Moran Financial Advisors, "For all the hand-wringing and angst, you'd have to go back to 2005 to find a year in which the economy grew at a faster pace." The bottom line: The Trump administration has an exemplary record on tax cuts, deregulation, and economic growth.
However, we've said repeatedly over the last two decades that the economy in many ways amounts to a measurement of consumer confidence — a measurement that's pretty high right now. We've also warned that Democrats are so set on their "Hate Trump" campaign, especially leading into 2020, that they actually want a recession. How will they get one? Undermining consumer confidence with incessant Leftmedia doomsaying.

A prime example is the yarn that Republican tax reform is yielding smaller tax refunds — due to limited deductions for some and smaller withholding for others. Well, The Daily Signal reports, "Tax refunds have increased this week, the Treasury Department announced Thursday. ... The average refund at this point in the filing season is now up 1.3 percent over last year."

Either way, Heritage Foundation fiscal policy analyst Adam Michel gets it right: "The important point to remember is that 90 percent of Americans got a tax cut. It is likely that more Americans will also get larger refunds, but the two are not connected." What is connected is that when the government confiscates and redistributes less of our money, the economy grows more substantially.

Source:>>>>>>>>>>>>>>>>>>>>>>>>>>>>Here

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

TRY THE PATRIOT AD FREE

THE PATRIOT

 "FIGHTING FOR FREEDOM AND LIBERTY"

and is protected speech pursuant to the "unalienable rights" of all men, and the First (and Second) Amendment to the Constitution of the United States of America, In God we trust

Stand Up To Government Corruption and Hypocrisy

                                                                                                    

NEVER FORGET THE SACRIFICES

BY OUR VETERANS 

Note: We at The Patriot cannot make any warranties about the completeness, reliability, and accuracy of this information.

Don't forget to follow the Friends Of Liberty on Facebook and our Page also Pinterest, Twitter, Tumblr, Me We and Google Plus PLEASE help spread the word by sharing our articles on your favorite social networks.

LibertygroupFreedom    

The Patriot is a non-partisan, non-profit organization with the mission to Educate, protect and defend individual freedoms and individual rights.

Support the Trump Presidency and help us fight Liberal Media Bias. Please LIKE and SHARE this story on Facebook or Twitter.

WE THE PEOPLE

TOGETHER WE WILL MAKE AMERICA GREAT AGAIN! 

Join The Resistance and Share This Article Now!

TOGETHER WE WILL MAKE AMERICA GREAT AGAIN!
Help us spread the word about THE PATRIOT Blog we're reaching millions help us reach millions more.

‼️️ ♻️ PLEASE SHARE ♻️ ‼️️

Please SHARE this now! The Crooked Liberal Media will hide and distort the truth. It’s up to us, Trump social media warriors, to get the truth out. If we don’t, no one will!

Share this story on Facebook and let us know because we want to hear YOUR voice!

Facebook has greatly reduced the distribution of our stories in our readers' newsfeeds and is instead promoting mainstream media sources. When you share with your friends, however, you greatly help distribute our content. Please take a moment and consider sharing this article with your friends and family. Thank you

❦❧❧❦❧❦❧❦❧❦❧❦❧❦❧❦❧❦❧❦❧❦❧❦❧❦❧❦❧❦❧❦

For you see, the world is governed by very different personages from what is imagined by those who are not behind the scenes.

  Coningsby: Or The New Generation And, The governments of the present day have to deal not merely with other governments, with emperors, kings, and ministers, but also with the secret societies which have everywhere their unscrupulous agents, and can at the last moment upset all the governments’ plans. — Benjamin Disraeli, Speech at Aylesbury, Great Britain, September 10, 1870

◈ ◈ ◈ ◈ ◈ ◈ ◈ ◈