Tag Archives: Senate

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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Trump had tremendous success and gained 3 seats in the 2018 mid-term election

Two days before the midterm election, Norwegian journalists said President Trump admitted that he will lose. The day after the election, the same group of people said Mr Trump was looking sad. They also said he tweeted he was happy despite the fact that he lost seats. There is no secret that you can count Trump supporters on one finger in Norway. They are mocking him every single day.

They often like to refer to CNN. The channel Mr Trump call Fake News. They are also very similar because about 98 percent is negative news. All the time. Every single day. If there are some good news, they makes it look bad.

 

 

It is something fundamentally wrong when everybody is on one side. Everybody on one side means there is no balance. Ask some kids on the streets what they think about Mr Trump and I`m pretty shure they will say something negative. This is indoctrination.

There is one good thing going on right now. Some people wont listen to the MSM anymore. They dont belive in it. This is why Trump and the Republicans had tremendous success in the midterm election. It also proves that the Dems` Russia story is a hoax.

MSM predicted a blue wave on Tuesday, but what we saw was the 2016 election on repeat. People said yes to Mr Trump. Again. Maybe they will come up with a new Russia story, but it wouldn`t work.

The Russia hoax reveals how persons within the FBI and Obamas Justice Department worked improperly to help Clinton and defeat Trump in the 2016 presidential election. We havent heard the last word in this case, and here comes the midterm election in.

To those who belive that Mr Trump was a big loser on Tuesday, have a listen to this; Obama lost -63 seats in the house and -6 seats in the senate in his first midterm election. That`s -69 seats.

Trump lost -27 seats in the house but gained +3 seats in the senate. That`s only -24 seats.

The presidents party has lost an average of 37 seats since the end of World War Two, and historically the party in the White House has lost a badly in midterms, especially when a presidents job-approval rating was below 50 percent.

In other words; the 2018 midterm election was great for Donald Trump.

According to Marketwatch, it`s only the third time in the past 100 years that the party holding the White House has gained seats in the Senate in a mid-term election while losing seats in the House.

The same split outcome also occurred under John F. Kennedy in 1962.

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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