Connect with us

News

New Report Has Excellent News for American Economy

Published

on

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.

Trending: WATCH: Violent Protesters Breach Treasury Dept. In DC, Overrun NYPD Police Precinct

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.

take our poll - story continues below

Trump or Biden, who will win?

  • Why wait until November 3? Show all of America who you're voting for in 2020  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Flag And Cross updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

“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

Save conservative media!

News

Watch: Disturbing Video Shows Chicago Cops Being Dragged & Assaulted By Radical Protesters

UNREAL, MAN!!

John Salvatore

Published

on

Nothing screams “we are good people” like assaulting an innocent police officer who had nothing to do with the death of Minnesota man, George Floyd. But protesters don’t care. All they want to do is inflict the most harm possible on the most people, in the most cities. WATCH: https://twitter.com/Breaking911/status/1266877271865987072 Here’s a bunch more protesting nonsense, from Saturday… https://twitter.com/NavajoFilmmaker/status/1266894395581685760?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266894395581685760&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2020%2F05%2Fblack-lives-matter-rioters-take-rodeo-drive-twerk-cars-loot-destroy-gucci-store-videos%2F https://twitter.com/USATODAY/status/1266807589913927680?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266807589913927680&ref_url=https%3A%2F%2Ftherightscoop.com%2Fmost-of-the-hard-core-protesters-in-minneapolis-are-far-left-or-anarchists-usa-todays-security-expert%2F https://twitter.com/Selena_Adera/status/1266709735786627073?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266709735786627073&ref_url=https%3A%2F%2Ftherightscoop.com%2Fwow-black-leaders-call-out-antifa-and-other-extremists-hijacking-peaceful-protests-to-destroy-their-neighborhoods%2F https://twitter.com/Selena_Adera/status/1266711111400898561?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266711111400898561&ref_url=https%3A%2F%2Ftherightscoop.com%2Fwow-black-leaders-call-out-antifa-and-other-extremists-hijacking-peaceful-protests-to-destroy-their-neighborhoods%2F https://twitter.com/Selena_Adera/status/1266707305158017029?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266707305158017029&ref_url=https%3A%2F%2Ftherightscoop.com%2Fwow-black-leaders-call-out-antifa-and-other-extremists-hijacking-peaceful-protests-to-destroy-their-neighborhoods%2F https://twitter.com/RepVernonJones/status/1266755527427620868?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266755527427620868&ref_url=https%3A%2F%2Ftherightscoop.com%2Fwow-black-leaders-call-out-antifa-and-other-extremists-hijacking-peaceful-protests-to-destroy-their-neighborhoods%2F https://twitter.com/KerriKupecDOJ/status/1266800502517510145?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266800502517510145&ref_url=https%3A%2F%2Ftherightscoop.com%2Fag-barr-rips-into-antifa-and-other-extremist-elements-for-turning-protests-into-riots%2F https://twitter.com/theangiestanton/status/1266481829592399872?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266481829592399872&ref_url=https%3A%2F%2Ftherightscoop.com%2Fwow-black-leaders-call-out-antifa-and-other-extremists-hijacking-peaceful-protests-to-destroy-their-neighborhoods%2F https://twitter.com/JonathanTurley/status/1266754198147936256?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266754198147936256&ref_url=https%3A%2F%2Ftherightscoop.com%2Fwow-black-leaders-call-out-antifa-and-other-extremists-hijacking-peaceful-protests-to-destroy-their-neighborhoods%2F WATCH AG Bill Barr… https://www.youtube.com/watch?v=iWXcpPrvgq8&feature=emb_title

Continue Reading

News

George Floyd Protesters Torch Nashville Courthouse, Dallas Business Owner Stoned & Beaten

OUT OF CONTROL!

John Salvatore

Published

on

What sense does it make to beat up on people who had nothing to do with a particular incident? These George Floyd rioters and looters are nothing but bullies who want attention. They’re bored. They weren’t given enough attention as children – or maybe too much. And now, innocent Americans are paying the price. On Saturday, the mayor of Nashville invited protesters to join him at city hall. What happened next was a complete disgrace. LOOK: https://twitter.com/JohnCooper4Nash/status/1266761804316921858?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266761804316921858&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2020%2F05%2Fnashville-mayor-urges-people-join-black-lives-matter-protest-saturday-leftist-mob-torches-city-hall-nashville-courthouse-video%2F WATCH: https://twitter.com/Breaking911/status/1266905816856215552?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266905816856215552&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2020%2F05%2Fnashville-mayor-urges-people-join-black-lives-matter-protest-saturday-leftist-mob-torches-city-hall-nashville-courthouse-video%2F https://twitter.com/KeithnNashville/status/1266908824243441664?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266908824243441664&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2020%2F05%2Fnashville-mayor-urges-people-join-black-lives-matter-protest-saturday-leftist-mob-torches-city-hall-nashville-courthouse-video%2F In Dallas, a business owner was severely beaten by wild thugs simply for protecting his shop. LOOK: https://twitter.com/ElijahSchaffer/status/1266925493384736769?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266925493384736769&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2020%2F05%2Fhorror-dallas-business-owner-tries-defend-shop-sword-looters-leftists-stone-kick-beat-skateboard-not-moving%2F https://twitter.com/ElijahSchaffer/status/1266930823934152706?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266930823934152706&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2020%2F05%2Fhorror-dallas-business-owner-tries-defend-shop-sword-looters-leftists-stone-kick-beat-skateboard-not-moving%2F https://twitter.com/ElijahSchaffer/status/1266927491949588485?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1266927491949588485&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2020%2F05%2Fhorror-dallas-business-owner-tries-defend-shop-sword-looters-leftists-stone-kick-beat-skateboard-not-moving%2F Stay tuned for more…

Continue Reading

Latest Articles

Best of the Week

 
Send this to a friend