,
4 tweets,
1 min read
Read on Twitter
Tax Reform Reaping Benefits Among Lower-Paid Workers as Wages Rise via @freebeacon freebeacon.com/issues/tax-ref…
Average hourly earnings rose 3.4 percent in February, marking the greatest earnings increase since April 2009, according to the latest Bureau of Labor Statistics (BLS) report. February earnings were the seventh consecutive month during which compensation was three% or higher.
According to calculations by Goldman Sachs, the BLS earnings data show that February was the first time since the economic recovery began in mid-2009 that the bottom half of earners benefited more than the top half – by about twice as much.
According to Americans for Tax Reform (ATR), at least 800 examples of new hires, pay raises, benefit increases, bonuses, facility expansions, and utility rate reductions were reported immediately after the Trump-supported Tax Cuts and Jobs Act was enacted.
