The Conference Board’s Consumer Confidence Index rose to nearly a 16-year high, as did Bloomberg’s Consumer Comfort Index, both contributing to soaring retail sales. The National Association of Manufacturers Outlook Survey rocketed to a record 91.4 percent, the highest two quarter average for manufacturing optimism in the survey’s 20-year history. The Institute for Supply Management reported it’s barometer of manufacturing rose to 57.8, with over 50 indicating expansion of the manufacturing sector.
All of this was accomplished with just the promise of pro-growth tax reform based on the Reagan model of lower marginal tax rates. (The marginal tax rate is the rate that would apply to the next dollar of income earned.) That is what determines and drives incentives to produce, increasing output and GDP.
If Democrats want to vote against a tax reform bill that cuts taxes for all taxpayers, good luck running on that record. If Democrats think imposing the highest taxes on business of all developed countries in the world is good for American workers, voters don’t agree.
And neither do the investors who create jobs and finance higher wages.
But it is not all due to just the promise of pro-growth tax reform. Contributing even more to restored growth is the reality of sweeping deregulation.
Trump has already made a lot of progress in removing Obama’s boot on the neck of American energy producers. That is why U.S. shale oil production has already soared to record levels since Trump entered office.
America today has the resources to lead the world as the top producer worldwide of oil, natural gas and coal. Removing America from the Paris Climate Accord, the start of the demise of Obama’s so-called “Clean Power Plan,” and Trump’s ongoing dismantling of the anti-American energy regulation of Obama’s EPA has already liberated America’s energy producers to assume these world leading roles.
How Trump Got the Economy Booming in Less Than a Year
All of this was accomplished with just the promise of pro-growth tax reform based on the Reagan model of lower marginal tax rates. (The marginal tax rate is the rate that would apply to the next dollar of income earned.) That is what determines and drives incentives to produce, increasing output and GDP.
If Democrats want to vote against a tax reform bill that cuts taxes for all taxpayers, good luck running on that record. If Democrats think imposing the highest taxes on business of all developed countries in the world is good for American workers, voters don’t agree.
And neither do the investors who create jobs and finance higher wages.
But it is not all due to just the promise of pro-growth tax reform. Contributing even more to restored growth is the reality of sweeping deregulation.
Trump has already made a lot of progress in removing Obama’s boot on the neck of American energy producers. That is why U.S. shale oil production has already soared to record levels since Trump entered office.
America today has the resources to lead the world as the top producer worldwide of oil, natural gas and coal. Removing America from the Paris Climate Accord, the start of the demise of Obama’s so-called “Clean Power Plan,” and Trump’s ongoing dismantling of the anti-American energy regulation of Obama’s EPA has already liberated America’s energy producers to assume these world leading roles.
How Trump Got the Economy Booming in Less Than a Year
