36 online
Most Popular Choices
Share on Facebook 112 Printer Friendly Page More Sharing
General News   

Why 2018 Q3 GDP Reflects Growth Stolen by the GOP from 2019 -- Vote Accordingly

Quicklink Submitted By   1 comment
Follow Me on Twitter     Message Hugh Campbell
Become a Fan
  (3 fans)

The 3.5% 2018 Q3 GDP growth is primarily due to a rise in defense spending and a 4 percent jump in consumer spending resulting higher take-home pays stemming from reduced Federal Withholding Tax (FWT) averaging $1,600. 

(Image by Kiplinger)   Details   DMCA
The linked article warns that voters their April 2019 Tax Bills May Catch Some Americans Off Guard, because even though about 65 percent of taxpayers receiving a tax cut in 2018, unless 29% instructed their employer to increase their FTW; they will owe on average $1,600 in April 2019 and 6% will owe an average of $4,400. If you are from New Jersey, Maryland, the District of Columbia, California, and New York you are likely among this six percent.

Increased consumer spending in 2018 that must be paid back, as a withholding short-fall including penalties and interest in April 2019 is GDP growth stolen by the GOP from 2019, vote accordingly.
Read the rest of the story HERE:

At www.bloomberg.com
Must Read 2   Well Said 2   Valuable 2  
Rate It | View Ratings

Hugh Campbell Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

A seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. He has previously held (more...)
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

To View Comments or Join the Conversation:

Tell A Friend