Daily Archives: 19 January 2023

The Failure of the Trump Tax Cuts

Posted on by
Reply

They failed to live down to the claims of the Progressive-Democratic Party politicians who’ve decried them since their enactment. They’ve also exceeded the expectations of the CBO.

The government collected a record $4.9 trillion in revenue last year, according to the latest report from the Congressional Budget Office, a nonpartisan federal agency. That’s nearly $500 billion higher than what the CBO had projected.

In particular, those Left-hated reductions in corporate taxes didn’t yield the Left-promised drop in Federal revenue:

Receipts from corporate income taxes, meanwhile, were $425 billion, exceeding CBO’s projection by 25%….

Regarding that disastrous tax cut that was only for the rich:

…receipts from individual income taxes were $2.6 trillion, exceeding CBO’s projection by 11%.

With all that money rolling in, it doesn’t seem like any particular group of Americans got any special breaks. But the Feds did, from the increased economic activity that resulted from all that pre-2017 tax cut money staying in the hands of private citizens, who know better than our Government Betters where and how to spend our dollars.

That greater money-handling wisdom is illustrated by these tidbits:

…business investment increases spiked by the end of 2019 by 9.4% compared to the pre-tax cut trend…. For corporations, real investment was up by as much as 14.2%

This is what the Progressive-Democratic Party wants to put an end to with Party politicians’ demands to tax ever more, spend ever more, and unconditionally raise the debt ceiling so as to potentiate their addiction to ever-increasing spending.

They’re trying to get their mojo—and our dollars—back.

Sounds Like a Personal Problem

Posted on by
Reply

New York City Mayor Eric Adams (D) is having a crying jag over the influx of illegal aliens arriving in his city.

We are at our breaking point. Based off our projections, we anticipate being unable to continue sheltering arriving asylum seekers on our own….

That overwhelming inflow? “More than” 3,100 “asylum seekers” in the past week, with 835 “last Thursday alone.” By his own estimate, his sanctuary city has received around 40,000 asylum seekers since the spring of 2022.

New York City is proudly a sanctuary city, and Mayor Adams is just as proud of his city’s status as a sanctuary city. Yet he both beefs about being taken at his word with illegal aliens sent—with the illegals’ prior written permission—to his city for the promised sanctuary, and he has chosen to do nothing since his accession to the Mayor’s Mansion (notice that: his mansion) to prepare his sanctuary city to receive sanctuary seekers.

Meanwhile, the cities and towns along our southern border, from western Arizona to Texas’ Gulf Coast, are inundated with millions of illegal aliens per year and nearly 48,000 just in the first three weeks of this year, not in the 10 or so months since the spring of 2022. These cities and towns truly are overwhelmed.

For Adams and his staffers that works out—if my third-grade arithmetic serves me well—to nearly 16,000 illegal aliens per week so far just this month. Again, for the benefit of Adams and his staffers, and again if my third-grade arithmetic serves me, that’s nearly five times the inflow that New York City has been experiencing. And not for just the few months that Adams’ team has been facing, but for the last two-plus years.

Adams has a personal problem, centered on his virtue-signaling hypocrisy and his squalling about being held to his word. Us average Americans are getting fed up with his whiny attitude.