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New Report Has Excellent News for American Economy

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A new report from the Bureau of Economic Analysis has revealed that over $300 billion has been repatriated to the United States in the new quarter of 2018, which is excellent news for the American economy.

So why are businesses bringing back so much of their money to America? Well, we all have President Trump to thank for that, as these companies are taking advantage of the tax reform that was passed at the end of 2017. These reforms encouraged businesses to reinvest in the U.S. instead of companies overseas.

It’s almost as if the real estate billionaire actually knows what he’s doing when it comes to business deals.

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Kevin Hassett, chair of the president’s Council of Economic Advisors, said U.S. companies are investing more at home since Republican-passed tax reform was implemented.

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“U.S. firms that used to build their factories overseas in order to avoid U.S. taxes, they stopped in their tracks because of the tax bill, they are bringing all the money home,” Hassett told Fox Business.

The BEA suggested repatriation increased because companies are no longer taxed on foreign earnings when moving money back to the U.S. Many economists hope the surge of repatriated funds will be used for U.S. hiring and boosting wages.

The new tax laws have led many economists to revise estimates for economic growth. The economy is tracking almost 4 percent growth in the second quarter of 2018, CNBC reported. The report cited “new-found proceeds from the tax bill” driving consumer spending as a primary source of higher growth.

J.P. Morgan’s chief U.S. economist, Michael Feroli, estimated “real GDP is expanding at a 4.0% annual rate in Q2, up from our prior estimate of 2.75% and almost twice the 2.2% growth rate experienced in Q1.” He added that “consumers wasted no time enjoying their tax windfall.”

Clearly, economic issues along with foreign policy matters seem to be President Trump’s strong suit as he continues to time and again, take positions and put measures into practice that are slowly spreading and making America prosperous.

When Trump said he’d make America great again, this is what he meant.

Source: Free Beacon

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Trump Set to Declassify Obamagate Docs, Will Show Obama Spying on Trump Campaign

Had to be done.

John Salvatore

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Donald Trump accomplished more in one term than anybody thought possible. He managed to make even many “never Trump” Republicans see the light, with the way he went about business in the Oval Office. Unfortunately, Trump will not be able to serve a consecutive term and continue to expose government malfeasance. That being said, there’s still a whole lot POTUS can give us before leaving 1600 Pennsylvania Ave. on the 20th. WATCH: https://twitter.com/LouDobbs/status/1349857235137163265?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1349857235137163265%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftherightscoop.com%2Fhere-we-go-president-trump-orders-obamagate-docs-declassified-to-include-steele-briefings%2F Where Joe Biden finds the marbles to tell a crowd of rallygoers that he and Obama are responsible for the thriving economy (pre-pandemic) is anyone’s guess, but when you’re talking to the politically uninformed – anything goes. Joe is quite the card, even after all these decades. WATCH: Joe Biden: “I know President Trump likes to take credit for the economy… Just look at the facts, not the alternative facts. President Trump inherited an economy from Obama-Biden administration that was given to him — just like he inherited everything else in his life.” https://twitter.com/thehill/status/1130179564351741952?ref_src=twsrc%5Etfw

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School Featured In ‘Remember the Titans’ Might Be Renamed ‘Kamala Harris High’

Great movie, terrible idea.

John Salvatore

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Giving Kamala Harris the title of vice president is pretty awful. Senator was bad enough. But now she’s going to be honored with her name on a school? What’s next? Forget Harriet Tubman and put the woman who slept her way into politics on the $20? From TDW: T.C. Williams High School, well known for its prominent role in the popular Disney film “Remember The Titans”, could soon be renamed as “Kamala Harris High School.” In November, the Alexandria City School Board voted unanimously to remove Williams’ name due to his support of segregation while serving as superintendent of the Alexandria, VA, school system. According to the school, Williams was a “staunch segregationist whose views could not have been more inconsistent with the vibrant, diverse and inclusive place we know today.” Students are being given the chance to vote. The final decision will be made in April. Other options the kids have to choose from are “George Floyd High School” and “Ruth Bader Ginsburg High School.” If it came down to Kamala, George, or Ruth, you’d have to go with RBG High…right?? Here’s a clip from the film… https://www.youtube.com/watch?v=aYp94Kk8AdE

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