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Trumponomics Stephen Moore.

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Presentation on theme: "Trumponomics Stephen Moore."— Presentation transcript:

1 Trumponomics Stephen Moore

2 Reaganomics vs. Obamanomics
Growth Gap – $3.1 Trillion vs. Reagan and $1.8 Trillion vs. Average

3

4 The Greatest Story Never Told

5 U.S. vs Japan

6 Stocks Are Cheap

7 The Fed is Too Tight Source: Commodity Research Bureau Index

8 The Trump Effect

9 Deregulator in Chief

10 Deregulator in Chief

11 Unfair Trade Deals

12 Trade Deficits Don’t Matter

13 U.S. Jobs Impact of Metal Tariffs

14 America’s Oil Boom

15 Oil Imports Plunge

16 New Supply on the Rise

17 The Falling Cost of Energy

18 America’s Soaring Gas and Oil Output
The growth in oil & gas production in the eight years exceeds by nearly two fold the total current production of energy from all renewable resources (excluding hydro dams). Most recent annual data through 2015. Source: Energy Information Administration, Monthly Energy Review

19 Who Gets Taxpayer Subsidies?

20 Source: epa.gov

21 No EU Countries Meeting Targets for Paris Agreement Emission Reduction

22 Don’t Forget to Turn the Lights On

23 Red States vs Blue States

24 During and After Recession Texas - 1
During and After Recession Texas Million Jobs Created Rest of the U.S Thousand Jobs Lost

25 State Economic Outlook Ranking
Top Ten States Bottom Ten States 1. Utah 41. Oregon 2. Idaho 42. Maine 3. Indiana 43. Montana 4. North Dakota 44. Minnesota 5. Arizona 45. Hawaii 6. Florida 46. New Jersey 7. North Carolina 47. California 8. Wyoming 48. Illinois 9 South Dakota 49. Vermont 10. Virginia 50. New York Source: Rich States Poor States, Eleventh Edition, American Legislative Exchange Council

26 Low Rates = More Revenue

27 Address to the Economic Club of New York December 14, 1962
“In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.” - John F. Kennedy Address to the Economic Club of New York
December 14, 1962

28 2018 U.S. Corporate Tax Rate Compared with the OECD Average
Old U.S. Federal and State Corporate Tax Rate Note: The bars are the average tax rate in the rest of the world. Source: OECD Tax Policy Analysis

29 Old and New Corporate Rates

30 Taxmageddon

31 Old Tax Rates vs Tax Cuts and Jobs Act
Source: Tax Foundation

32 Top 1 Percent Contributes More Than Bottom 90 Percent
Past performance is no guarantee of future results.

33 Rich Pay More Than Their Fair Share 2016 Income and Income Tax Shares
Tax Foundation: Summary of the Latest Federal Income Tax Data, 2018 Update

34 Hillary Clinton’s Simplified Tax Form

35

36 Where does your federal tax dollar go?

37 Growth in Manufacturing, Mining, Construction Since Election
1,055,000 Blue-collar Jobs Added Since Election Day Manufacturing has added 503,000 jobs Construction has added 541,000 jobs Mining has added 11,000 jobs Source: Bureau of Labor Statistics

38 Historically Low Unemployment

39 Black Labor Participation Rate

40 Dow Jones Daily Prices

41 Inflation Rate

42 10 -Year Treasury Note Yield
February 1962 to January 2019

43 Real Interest Rate on 10-year U.S Bonds
January 2003 to December 2018

44 Text Here

45 Education and Medical Prices Increase While Import Prices Drop
*Data from 2005

46 Worker Well-Being Based on data from the Census Bureau and the Department of Labor. Past performance is no guarantee of future results.

47 Number of Years It Took for Major Technologies
to Reach 50% of American Homes

48 High Technology

49 Free Countries are Wealthier and Healthier


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