US Federal Spending

In FY 2017, from 10/16 to 9/17, US Federal Tax Revenues totaled $3.315 trillion and Spending totaled $3.981 trillion. The 2017 deficit was $665.826 billion. 

In FY 2018, from 10/17 to 7/18, US Federal Tax Revenues totaled $2.77 trillion and Spending totaled $3.45 trillion. The 2018 deficit so far is $683.965 billion.

https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/backissues.htm

Income Tax Cuts in 2018 provided a 14% reduction in Corporate Earnings Tax Rates from 35% to 21% and Corporate Expatriation Tax Rates from 35% to 10%.

Norb Leahy, Dunwoody GA Tea Party Leader

US Federal Spending Cuts were proposed by President Trump with cuts in EPA of 31%, State Department 29%, Labor 21%, Agriculture 21%, HHS 18%, Commerce 16%, Education 14%, HUD 13%, Transportation 13%, Interior 12%, Energy 6%, SBA 5%, DOJ 4%, Treasury 4% and NASA 1%.

US Federal Spending Increases were proposed by President Trump with increases in Defense 9%, Homeland Security 7% and Veterans 6%.

https://en.wikipedia.org/wiki/2018_United_States_federal_budget

Trump’s economic recovery program includes increasing US oil and natural gas production, returning manufacturing to the US, ending intellectual property theft, reducing the US trade deficit, increasing US citizen employment opportunities and transitioning from welfare to work.

Trump’s national security program includes securing US borders, ending illegal immigration, eliminating drug cartel activity and restoring the US military.

Legislative priorities going forward include repealing Obamacare and allowing much less expensive basic medical coverage for medically necessary rescue and repair, repealing current immigration laws, cutting welfare for immigrants and passing Immigration policies based on merit and labor needs.

Norb Leahy, Dunwoody GA Tea Party Leader