Talk of The Villages Florida - View Single Post - GDP First Release - Stagflation
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Old 05-01-2025, 12:06 PM
AJ32162 AJ32162 is offline
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Quote:
Originally Posted by Boilerman View Post
The Govt always revises the economic stats when new data is incorporated.
Job creation was NOT due to Govt hiring.
Additional IRS auditors bring in more Govt revenue than they cost.
Wage growth is NOT just because of a $20 minimum wage. In Florida the minimum wage is $14 and it’s less in most states. Less than 2% of American workers make minimum wage.
IRS Enforcement Spending Has Not Reduced the Deficit - EPIC for America

From the link:
"This means that every $1 of new revenue collected from the IRA’s enhanced enforcement efforts cost taxpayers $1.04."