Tag Archives: Republicans

The U.S tax revenue will continue to go straight up

Mainstream Media (MSM) and some of their «smart» journalists were laughing at president Trump when he said he will cut taxes and bring back jobs and money. How in the world is he gonna do that with so much debt, they argued.

Now, we know that president Trump was right. The U.S government receipts increased 7% YoY to 253 billion in October of 2018. Government revenues in the U.S reached an all-time high of 510447 USD Million in April of 2018, and the economy are growing faster and create more jobs than expected. It`s an economic boom.

The U.S income tax revenue climbed from about 1 trillion in 2000 to 1,59 trillion US dollars in 2017, but we can already now see a major shift in the market. The forecast predicts an increase in income tax revenues up to about 2,92 trillion U.S dollars in 2028. Up nearly 100%.

It seems like the booming economy will continue and the forecast predicts an increase in total receipts to reach about 4,39 trillion in 2023.

Obama is often trying to take Trump`s cred for the economic boom, but the difference between Obama and Trump is the deficit. It climbed to $148 billion under Obama while it climbed to «only» $113 in fiscal 2018 under president Trump.

So, the government did better on revenues and deficits under Trump than under Obama`s last year in office. The economy was sluggish under Obama were the federal revenues was barely increasing and the deficit increased.

The real boom in the economy came with Trump`s tax cuts and all his business reforms. The Congress (on both sides) must be held responsible for the increase in deficit as they refuse to bring federal spending under control.

The Republicans like to push down the taxes while the Dems like to keep them high. If the Dems were in charge, the taxes would have remained high on the cost of jobs and wage gains America now is enjoying. Would that be a better solution?

Obama and Bernanke «printed» money after the financial crisis, but the economy was sluggish and the growth was never 2% under Obama. The recovery was very slow but it takes some time to turn the ship around. Obama and Trump should look upon themselves as one team; Team America and that`s red, white and blue.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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Republican voters show strong turnout in early voting but don`t take anything for granted

It`s only a few days left to the midterm election in America. If the Democrats wins the house, it means Chuch Schumer and the Democrats will make it difficult for President Trump to do what he belive in.

But so far it looks good for Republicans. Midterm election show Republican voters show strong turnout in early voting. Trump`s tax cut are boosting the economy which is very strong with more than 4 percent growth. Oprah Winfrey said she voted independent which is good news for Trump.

«Don`t take anything for granted,» Trump said. Will the Trump Revolution continue?

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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DNC Chair embraces Dem-socialist candidate and Tomi Lahren has a message to the American people

Trump supporter and conservative Tomi Lahren has a message to the American people on Independence day. Young people should find out what Socialism is before they vote, she said. Tomi also said the mid-term election will be easy for the Republicans because she think that the American people are smart.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Lower tax rate should stimulate economic activity and generate more revenue to the government than higher tax rate

The U.S Senate was positive to President Donald Trump`s tax reform and passed the tax reform bill in the early hours of Saturday morning. The U.S tax cuts are a move to a simpler tax system. Mr Trump said the Americans will love the new system.

It is the largest tax cut in the U.S in history, and it is the biggest package in terms of tax cuts ever. Mr Trump said something beautiful will come out of that picture. The tax cuts will be tremendous and that`s what this country need, he said.

(Picture: United States Debt to GDP)

 

This is a bold decision for Mr Trump. He is trying to do what no other president in the U.S has done since Ronald Reagan in the 80`s; rewriting the tax code. The congress agreed on a tax reform package 31 years ago, and now they are doing the same.

Senate Republicans passed a bill overhauling the federal tax code, and 51 senators voted for the «Tax cuts and jobs act,» with just 1 Republican voting against.

No Democrats supported the legislation.

A significant individual tax cut was proposed by President John F. Kennedy and signed into law by President Lyndon B. Johnson with the belief that cutting tax rates would stimulate investment and spending, with overall beneficial effects (including replenishment of some lost tax revenues).

President Ronald Reagan signed tax cuts into law, which some belive stimulated a doubling in total tax revenues (from 500 Billion to 1 Trillion dollars) during the period from 1980 to 1990.

On the other side; the deficit and national debt more than tripled (from $908 Billion in 1980 to $ 2 Trillion in 1990) because government spending rose even faster than increases in tax revenue.

As a result, income tax receipts as a percent of GDP fell from 11,3% to 9,3% in 1984 and did not to revert to original levels until the late 1990`s, even though overall revenue skyrocketed in terms of real dollars.

(Picture: United States Government debt)

 

President George W. Bush signed two major tax cuts into law: one in 2001 and one in 2003. These are often collectively referred to as the «Bush Tax Cuts». Some people claimed the Bush tax cuts have led to the rich shouldering more of the income tax burden and the poor shouldering less.

Washington Times credit the Reagan tax cuts with the eventual surplus of the late 1990`s. Others doubt this claim however, and instead belive the surpluses were a result of a combination of a decrease in government spending, the passing of the Omnibus Budget Reconciliation Act of 1993 (which dictated several tax increases), and the use of the PAYGO system.

Others claims the Bush tax cuts have conferred the «largest benefits, by far on the highest income households. At the state level, former Democratic Governor Bill Richardson in recent years has supported tax cuts to spur economic growth.

A tax cut is a reduction in the rate of tax charged by the U.S government. The immediate effects of a tax cut are a decrease in the real income of the government and an increase in the real income of those tax rates have been lowered.

Due to the perceived benefit in growing real incomes among tax payers, politicians have sought to claim their proposed tax credits as tax cuts.

In the longer terms, however, the macroeconomic effects of a tax cut are generally not predictable because they depend on how the taxpayers use their additional income and how the government adjusts to its reduced income.

Depending on the original tax rate, tax cuts may provide individuals and corporations with an incentive investments which stimulate economic activity. Some politically conservative opinion-makers, such as Art Laffer (better known for the Laffer curve), have theorized that this could generate so much additional taxable income that a lower tax can generate more revenue than was collected at the higher rate.

(Picture: Laffer Curve: t* represents the rate of taxation at which maximal revenue is generated. The grey curve is as drown by Laffer, however, the curve might not have only a single peak, nor must it peak symmetrically at 50%)

 

However, basic math states that cutting tax rates in half would require an economy twice the size to generate the same amount of tax revenue.

High tax rates doesn`t necessarily mean large revenue to the government. Lower tax rates can increase the government’s revenue. It seems difficult for some people to understand that.

100% tax rate means theoretically zero revenue because taxpayers lose their incentive to work. The economic effect of a 100% tax rate is to decrease the tax base to zero. If this is the case then somewhere between 0% and 100% lies a tax rate that will maximize revenue.

The tax cut shouldn`t be a bearish sign for the investors. Lower tax for the corporations means reduced unemployment and an incentive for investors to invest in new stocks and that will create more new jobs.

A corporate tax cut from 35% to 20% will boost the stock market, and the Senates $1,4 trillion tax bill will also boost the corporate earnings and thats positive for the stocks and the stock market.

The economy is a complicated system. Inflation, political uncertainty and the Fed`s monetary policy can add volatility. It remains to see.

I have said so many times and need to say it once again; this is the most unloved bull market in history.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Outsider Trump vs. Insider Clinton

Super Tuesday was a great day for both Hillary Clinton and Donald Trump. Democrat Clinton and Republican Trump win most states on Super Tuesday, so it was a Super Duper Day for them both in the race for the presidential nomination.

They both each won at least seven of eleven state races. Clinton won in Arkansas, Tennessee, Virginia, Georgia, Alabama, Massachusetts and the most important of them all: Texas. Trump won in Vermont, Tennessee, Virginia, Georgia, Arkansas and Massachusetts.

DonaldTrump

Republicans need 1,237 delegates who will vote for them at the parties national conventions in July 2016. Now, they have 595 delegates.

Democrats have one-third of the 2,383 delegates they need, which is 865 delegates. So, as you can see there is still a long way to go.

We know from history that the Republican candidate who wins most of the states on Super Tuesday wins the nomination, and the billionaire businessman Donald Trump is on the way to become the Republican party`s candidate for the U.S presidential election.

Trump`s success is spectacular and a big surprice for many, and he seems to be unstoppable despite programs like Last Week Tonight with John Oliver: Donald Trump (HBO). The odds for seeing Trump at the White House are rising every day, and Hillary Clinton with a history of many scandals must fight against an entertainer and a businessman who speak against well established politicians.

Hillary Clinton have been a part of the political system in many years. Her husband is former president Bill Clinton and they both know the “game”. Donald Trump is coming from another “camp,” and that`s the biggest difference between them I think.

Trump is a businessman, property mogul, celebrity TV personality and a political outsider. Clinton has been a part of the “system” in many years and are a political insider. So, if voters have to choose between Trump and Clinton, they are not choosing between a Democrat and a Republican.

It is the Insider against the Outsider.

 

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

 

 

 

 

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