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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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WATCH: Antifa Radicals Get Violent At Portland Protest, Attack & Pepper Spray Journalist (Videos)

HORRIBLE!

John Salvatore

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It’s no wonder President Trump is considering designating Antifa a domestic terror organization. The group has one goal: to impose their will by any means necessary in order to silence conservatives. That would be fascism, funny enough. Check out what’s currently happening in Portland… Independent journalist @Muffinpan503 was attacked & pepper sprayed. A woman tries to calm the angry shirtless man following him but is told to mind her own business as a white person. https://twitter.com/MrAndyNgo/status/1162793066022858752?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1162793066022858752&ref_url=https%3A%2F%2Ftherightscoop.com%2Fbreaking-antifa-is-already-attacking-journalists-in-portland-protest%2F “I didn’t come to talk, I came to bring it out.” Things are getting tense at the antifa protest. Someone hit a man’s microphone to the ground. I recognize this shirtless man from Seattle last year at another antifa protest. He came up to me and said, “Death is coming.” https://twitter.com/MrAndyNgo/status/1162790907050991616?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1162790907050991616&ref_url=https%3A%2F%2Ftherightscoop.com%2Fbreaking-antifa-is-already-attacking-journalists-in-portland-protest%2F A black man praises Jesus on a bullhorn. The shirtless protester yells at him: “Ain’t no f—ing white Jesus going to save the black man from the white man’s oppression, uncle Tom.” https://twitter.com/MrAndyNgo/status/1162797976823013376?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1162797976823013376&ref_url=https%3A%2F%2Ftherightscoop.com%2Fbreaking-antifa-is-already-attacking-journalists-in-portland-protest%2F More on Portland, via Guardian: As Portland prepared for what may be one of the biggest political demonstrations of the US summer, which authorities expected would lead to violence, Donald Trump threw into the mix a characteristically explosive tweet. “Major consideration is being given to naming ANTIFA an ‘ORGANIZATION OF TERROR’,” the president wrote from his golf club in Bedminster, New Jersey on Saturday morning. “Portland is being watched very closely. Hopefully the Mayor will be able to properly do his job!” “Antifa” is a collective term for a loose affiliation of anti-fascist groups. Such counter-protesters have clashed with far right activists in the Oregon city throughout the Trump era, some of them wearing “black bloc” attire and face masks. Stay tuned for more…

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REPORT: Not Long Before Epstein’s Arrest, He Rush-Ordered $100,000 Cement Mixer to Private Island

Hmm…Interesting, to say the LEAST!

John Salvatore

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You know when you call a business and ask them to deliver a cement mixer to your private island? Oh, have you never been in Jeffrey Epstein’s shoes? Now that a medical examiner has “confirmed” that the registered sex offender committed suicide, new information has just been released about what happened in the lead-up to his arrest. From Daily Wire: Convicted pedophile and alleged sex trafficker Jeffrey Epstein reportedly had a $100,000 cement truck rushed to his mansion in the Virgin Islands late last year, just days before a bombshell report was published by the Miami Herald which ultimately led to his arrest. Epstein “got the Carmix 5.5 XL self-loading concrete mixer delivered to Little St. James on November 7 last year,” the Daily Mail reported. “Epstein was in such a hurry that he paid for the machine up front so it would arrive sooner — even though it meant being responsible if it got damaged in transit.” The timeline of events is important here, especially when taking into consideration other items that Epstein shipped to his other residences at times when he was facing legal troubles. Who are we kidding? Epstein was probably trying to bury some evidence, right? RIGHT!? WATCH: https://www.youtube.com/watch?v=cPMp9edgAeg That Jeffrey Epstein could commit suicide after being on suicide watch defies belief. There are many powerful men who wanted him dead, and their secrets to die with him. Epstein epitomized the sickness in the souls of so many men. #ToxicMasculinity https://twitter.com/tonyschwartz/status/1160188139941572608?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1160188139941572608&ref_url=https%3A%2F%2Ftherightscoop.com%2Fbreaking-jeffrey-epstein-is-dead%2F I have no idea how Epstein committed suicide while under suicide watch. There needs to be a thorough investigation. More importantly, I’m saddened for all the people who will be denied answers, explanations, and justice. https://twitter.com/marclamonthill/status/1160188503780671491?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1160188503780671491&ref_url=https%3A%2F%2Ftherightscoop.com%2Fbreaking-jeffrey-epstein-is-dead%2F BREAKING: Jeffrey Epstein’s suicide ends the criminal case against him because no one else was charged in the indictment…

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