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In 2018, there was economic (GDP) growth of 3% after the tax cuts of 2017. Over the ensuing decade, that will leave $1.5 trillion to individuals and companies that otherwise would have been sent to Washington for the insatiable spending appetite of the bipartisan incumbent class
For 10 straight months, average wages have grown about 3%; however, for the poorest fourth of the labor force, highs of 4.4% wage growth have been measured and reported by the Federal Reserve Bank of Atlanta.
As conveyed by the Daily Signal, “The highest-income workers’ wages are growing at a more modest rate, more than a percentage point lower than those of low-wage workers.”
There are three threats to this good news and effective policy: The failure to secure our borders to the influx and invasion of tens of thousands of illegal immigrants that require massive entitlement spending and feed the unlawful job market;....
....the idiocy seen on the political Left that demands freedom be substituted with socialism; and the unbridled and excessive spending of all of DC.
Leftists are stewing in their realization that a political novice, Donald Trump has taken tried-and-true-conservative principles, applied them, and voila, we’ve found the “magic wand” that supposedly was needed to bring back certain jobs and boost America’s world-leading economy.
The facts are that, when markets are free and fair and taxes are lower with fewer regulations, so-called “trickle-down” economics works. Let’s all enjoy and keep “Laffing.”
