Re: POTUS 45.31: "The Caravan is Coming.""The Caravan is Coming."
Couple things. Ryan said that tax income was rising from last year. Its not its falling. Second, the tax shortfall increased from the first half of the period (Q4 17) to the second half (Q1 18). Things are getting worse. Third, your comment about capital write offs in the first quarter is irrelevant. These are year over year comparisons...so seasonality is taken out of the equation. All of this speaks against what Ryan said and against increased tax revenues from the corporate sector.
First off, new rates weren't in effect for half of your data set. Plus, have you ever tried to start a business? Do you think it'll be profitable overnight, or are they going to write off capital expenditures in the first quarter? Of course they're going to go down in the first three months, as that's how short-term economics work. Same thing happened in 2003. Let us know if the same trend is happening in about 2-3 years, because these were never meant to be short term fixes.
Couple things. Ryan said that tax income was rising from last year. Its not its falling. Second, the tax shortfall increased from the first half of the period (Q4 17) to the second half (Q1 18). Things are getting worse. Third, your comment about capital write offs in the first quarter is irrelevant. These are year over year comparisons...so seasonality is taken out of the equation. All of this speaks against what Ryan said and against increased tax revenues from the corporate sector.