John Carney

John Carney

Latest News

Half of Tax Cuts Will Go to Middle Class Americans

Middle-class Americans will get $122.6 billion in tax cuts in 2019 under the Republican tax plan likely to win Congressional approval this week, according to an analysis released Monday by the Joint Committee on Taxation.

Donald Trump

American Economic Optimism Soars, Breaks CNBC Survey Record

American optimism about the economy is soaring. For the first time on record, more than half the respondents to CNBC’s All-American Economic Survey rate the economy as good or excellent. Nearly 41 percent say they expect the economy to be better a year from now, near a record high.

American Economy at Full Capacity Under Donald Trump

Stronger economic growth in the second and third quarters of 2017, when the economy grew by more than a three percent annualized rate, pushed economic output higher than what the Congressional Budget Office refers to as “potential gross domestic product.”