Chocura750

The measly tax payer may have received a 2% tax cut, but President Trump's inflation takes it back plus another 3%.

PeterS

The tax cut didn't have time to work it's way into the economy to have a direct effect but it may indirectly impact the economy from the anticipation. And Trump cut taxes into a growing economy. Inflation should be expected.

http://money.cnn.com/2018/02/06/investing/dow-jones-tax-cut-inflation-trump/index.html

Super Dave Loc: Realville, USA

It is true that increased worker's wages tends to cause inflation.

Chocura750

The next step will be an event called a "bond market crash" as the value of bonds plummet as a result of a sudden dramatic increase to the interest rate.

Hemiman Loc: Communist California

That’s great you get a tax break and you b***h about it.Well give it back if you don’t want it or give it to a tax deductible charity,put it into a retirement fund with deferred taxes.There is a lot of things you can do to offset any increase.You could ask For a pay decrease so income liability won’t be as much.lol

JFlorio Loc: Seminole Florida

I'll guarantee you are for a minimum wage of $15.00 or more. Wouldn't all that extra money cause inflation? Want to cut spending and make the economy stronger at the same time. Cut Federal Spending!

Boo_Boo Loc: Jellystone

What did you want, our GPA is growing and as that happens the inflation rate goes up. A growing economy creates inflation as people are confident and spend more. That further benefits economic growth by creating an expectation of inflation. That motivates them to buy more now to avoid further price increases. The Federal Reserve sets an inflation target to manage the public's expectation of inflation. This is economics 101.... Demand-pull inflation should be expected . It's when demand for a good or service increases so much that it outstrips supply. If sellers maintain the price, they will sell out. They soon realize they now have the luxury of raising prices, creating inflation. Do not look at the Feds projecting a 5 percent as something bad. Indeed it is a strong indication that our economy is recovering. More jobs become available, home purchases goes up, and wages go up. Keep in mind, the inflation is mostly driven by people's buying habits. Recession is when consumer confidence is low, they buy less, much more conservative and the off shoot is a sluggish economy as supply out pace demands.

lindajoy Loc: right here with you....

How is that its not even in place yet???

Boo_Boo Loc: Jellystone

Linda,

Take mercy on her/him, they do not understand how inflation works. In this case, the inflation has nothing to do with the tax cuts directly.... when you factor the "crumbs" as the fall out, then there is a correlation, but this inflation projection is driven by consumer confidence in our nation's growth.

lindajoy Loc: right here with you....

Colorado went up Jan 1st. To $10.20 now..

But dang J, dont put facts in the equation not withstanding the lue that it is 5 % now~

Prices rose 0.5 percent. Gas prices rose 5.7 percent. That's because of rising oil prices. Oil prices contribute 70 percent of gas prices. The EIA has increased the oil price forecast because of increased demand. IN addition, OPEC has limited output in an attempt to raise prices. Increased supply from U.S. shale oil producers had sent prices plummeting.

But higher gas prices just barely offset lower prices in many other categories. The price of electricity fell 0.2 percent. The prices of new vehicles and prescription drugs fell 0.1 percent.

The cost of medical care services rose 0.6 percent. Health care costs have risen more slowly since Obamacare took effect in 2014. Before that, they increased 7-8 percent a year. In the last 12 months, the cost of health care services rose 2.0 percent. Drug prices rose 1.8 percent during that time, according to the Consumer Price Index Summary.

The core inflation rate was 1.8 percent year over year, below the Federal Reserve's 2.0 percent inflation target. Nevertheless, the Federal Open Market Committee will probably raise the fed funds rate twice more in 2018. Higher past core inflation rates encouraged it to raise the rate to 1.5 percent at its December 2017 FOMC meeting.

The Fed prefers the Personal Consumption Expenditures Price Index. Its core inflation rate was 1.5 percent YOY as of December 2017. That's from the most recent release from the Personal Income and Outlays report.

Here’s another to read about as well..2.7 it says..

https://inflationdata.com/Inflation/Inflation_Rate/CurrentInflation.asp?reloaded=true

lindajoy Loc: right here with you....

Ever so right you are Penny!!! It just aggrevates me that they want to pin everything on Trump without first having the knowledge in knowing what they accuse him of..!!

Heck he does enough all by himself to then have their misgivings added to it...

lindajoy Loc: right here with you....

I had not read this before my post.. Very good, Penny..

I fear you have been too studios and have now confused him/her.. Good job!!!

Boo_Boo Loc: Jellystone

If you have read some of the threads started by this individual, it is apparent that they probably did not graduate and goes only by what talking heads say.... and you know how most of the media is against President Trump.

I have never known a president who has had worse media coverage. Yes, he is crude and is not a politician, he will eventually learn that each word he speaks will produce headlines, or that could be my hopes. Oh well.... anyway, I agree with you, I too become frustrated with some people.....especially those who do absolutely no research and just post garbage.

Boo_Boo Loc: Jellystone

Was my post confusing.... should I go back and write it over? I do not want to confuse anyone....

Super Dave Loc: Realville, USA

Your wet dream.