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Council of Economic Advisers Profile picture
@CEA47
Dec 23 • 5 tweets • 1 min read • Read on X
🚨Q3 GDP🚨
Q3 GDP came in at 4.3%, blowing past expectations of 3.2%.
Virtually all year-to-date GDP growth is driven by the private sector in President Trump’s economy, unlike in Biden’s economy, where government spending was a major driver.
Consumers are showing their confidence in the economy with their strong spending, which rose at a 3.5% seasonally adjusted annualized rate in Q3.
This report shows that President Trump’s trade policies are helping to drive an export boom. Net exports rose at an 8.8% seasonally adjusted annualized rate in Q3.

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More from @CEA47

Council of Economic Advisers Profile picture
Jun 17
Thank you, Senator Scott.

NEW CEA RESEARCH shows that in 2024, federal taxpayers spent💰$56.1 BILLION on Medicaid for working-age, childless adults working < 20 hours/week.

That’s **11%** of all federal Medicaid spending. More below 👇 1/5
Half of adults ages 19-64 on Medicaid (~18 million people) worked less than 20 hours/week last year.

Among those who don’t have a disability or children, 39% were not working at all.

2/5 Image
Medicaid community engagement requirements link eligibility to work, training, school, or volunteering (with exemptions for disability & caregiving).

These proposals in the One Big Beautiful Bill will prevent waste, fraud, and abuse to save American taxpayers money.

3/5
Read 5 tweets
Council of Economic Advisers Profile picture
May 19
President Trump's tax bill (aka, the Big Beautiful Bill) wouldn't just avoid a catastrophic recession by extending the 2017 tax cuts, but will provide much needed tax relief for businesses & households.

CEA estimates a massive boon for growth, investment, and take-home pay 👇1/9
Preventing the TCJA from expiring + adding 100% expensing for equipment & factory construction, further business tax cuts, and no tax on tips/OT/social security, CEA estimates real GDP will be +4.2-5.2% higher over the next 4 years (and +2.9-3.5% higher in the long run)... 2/9
CEA also estimates that 6.6-7.4 million full-time equivalent jobs will be created or saved over the next 4 years (and 4.2 million in the long run).

Full expensing is expected to create an investment boom: +9.8-14.5% over next 4 years and +4.9-7.5% in the long run... 3/9
Read 9 tweets

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