The good economic news keeps coming

There is a tremendous amount of good news on the economy, and it is getting little attention, so I thought it would be good to highlight some of it. The lowering of corporate tax rates was intended to bring lots of money back to the U.S. to help our economy.  It is working very well.  In the first quarter, a record of over $300 billion came back, yielding $46 billion to the federal government.  In 2017, before the tax cuts, only $38 billion came back.  Whether corporations save the money, pay additional taxes, invest the money, share some with workers, or give it to shareholders, it is all more beneficial to everyone in the U.S. than leaving it in other countries. Here is what Fox News, one of the few outlets that notices such things, has in its headline: "American money flowing back into America." Fox goes on to report: Despite President Trump's tit-for-tat trade barbs, America's CEOs are not wasting anytime...(Read Full Post)