Joseph Lavorgna (@lavorgnanomics) 's Twitter Profile
Joseph Lavorgna

@lavorgnanomics

Former Chief Economist of The White House National Economic Council under President Trump

ID: 617381538

calendar_today24-06-2012 17:18:39

1,1K Tweet

33,33K Followers

61 Following

The White House (@whitehouse) 's Twitter Profile Photo

In the One, Big, Beautiful Bill, under the “Trump Accounts” program, the federal government would provide an initial $1,000 tax-deferred, low-cost account that will grow with the stock market.

In the One, Big, Beautiful Bill, under the “Trump Accounts” program, the federal government would provide an initial $1,000 tax-deferred, low-cost account that will grow with the stock market.
Joseph Lavorgna (@lavorgnanomics) 's Twitter Profile Photo

Fabulously constructive #inflation data. Over past 12 months #CPI is up only 2.3%, down over 1 full point from last year at this time and consistent with price stability as per Federal Reserve preferred PCE measure

Joseph Lavorgna (@lavorgnanomics) 's Twitter Profile Photo

Producer prices are tame, confirming slowing consumer #inflation. Finished PPI consumer goods prices DOWN since President Trump took office. No inflationary impact from #tariffs

Charles V Payne (@cvpayne) 's Twitter Profile Photo

Tariffs are designed for three things Bring Manufacturing back to America. Open foreign markets to US goods. Raise revenue for access to US consumers.

Tariffs are designed for three things
Bring Manufacturing back to America.
Open foreign markets to US goods.
Raise revenue for access to US consumers.
Joseph Lavorgna (@lavorgnanomics) 's Twitter Profile Photo

Exclusive | Blue-collar wage growth under Trump sees largest increase in nearly 60 years: Bessent nypost.com/2025/06/17/us-…

Joseph Lavorgna (@lavorgnanomics) 's Twitter Profile Photo

The #OBBB is going to generate fast noninflationary growth that will lift revenues and lower the deficit and debt relative to GDP. The #CBO 10-year forecasts are a woefully pessimistic at 1.8% per annum hence revenue estimates are ridiculously low

Joseph Lavorgna (@lavorgnanomics) 's Twitter Profile Photo

According to recent analysis from Joint Committee on Taxation Americans making btw $30k-$80k per yr on avg would see a massive 15% increase in taxes if 2017 Tax Cuts & Job Act isn’t extended. This would collapse lower/middle income disposable income, depressing living standards

Joseph Lavorgna (@lavorgnanomics) 's Twitter Profile Photo

3% real GDP growth gives us nearly $1 trillion in additional revenues compared to #CBO forecasts and that is without the huge increase in tariff revenues. Hence the agency’s predictions of rising debt to GDP will miss the mark

Joseph Lavorgna (@lavorgnanomics) 's Twitter Profile Photo

When you don’t tax overtime, you incentivize more work. This in turn generates more income and less inflation thus leading to rising living standards. The upshot? An ongoing boom in real blue collar wage gains that will strengthen with the #OBBBA

Joseph Lavorgna (@lavorgnanomics) 's Twitter Profile Photo

President Donald J. Trump’s blue collar boom is just getting started. A nearly 2% surge in Q2 2025 private sector hours worked points to a large rebound in GDP, laying a solid foundation for an upcoming second half economic surge.

E.J. Antoni, Ph.D. (@realejantoni) 's Twitter Profile Photo

The surge in hiring among state and local gov't pushed total gov't job gains back up in Jun; even still, we're seeing the reprivatization of the labor market in real time as overall job growth trends away from gov't and to productive activity:

The surge in hiring among state and local gov't pushed total gov't job gains back up in Jun; even still, we're seeing the reprivatization of the labor market in real time as overall job growth trends away from gov't and to productive activity:
Treasury Secretary Scott Bessent (@secscottbessent) 's Twitter Profile Photo

The CBO is wrong: Without this bill, we would face the largest tax hike in history and the CBO would project 1.8% growth. Even with full expensing for manufacturing equipment and historic tax relief, the CBO still projects only 1.8% growth. If you turn up the growth

Treasury Secretary Scott Bessent (@secscottbessent) 's Twitter Profile Photo

The passage of the One, Big, Beautiful Bill has set the stage for the next golden age as we prepare to celebrate the 250th year of our great nation. Thanks to President Trump’s visionary leadership, Speaker Johnson and House Republicans, working with Leader Thune and Senate

Treasury Secretary Scott Bessent (@secscottbessent) 's Twitter Profile Photo

Under President Trump’s leadership, we are delivering results for working Americans. While the Biden administration left the bottom 50% behind, we’re focused on helping Main Street rise alongside Wall Street. This administration is committed to prosperity for all.

Joseph Lavorgna (@lavorgnanomics) 's Twitter Profile Photo

What is remarkable so far is the fact that not only has the cost of imported goods not risen (completely the opposite of what mainstream economists had predicted) but that the cost of imported goods has fallen. The inflation rate for these products has been negative!

Joseph Lavorgna (@lavorgnanomics) 's Twitter Profile Photo

Uncertainty around tax policy has been a headwind to growth as seen in the NFIB small business survey. But now that the One Big Beautiful Bill is law, small business activity to set to surge just as it did under the first Trump Administration

Treasury Secretary Scott Bessent (@secscottbessent) 's Twitter Profile Photo

The One Big Beautiful Bill strengthens small businesses and Made-in-America investments by offering immediate deductions for new equipment, tax incentives for building U.S. factories, instant R&D write-offs, and interest expense deductions.