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For The Trump Economy, The Best Is Yet To Come

Tax Cuts and Deregulation Are Just Starting to Provide Relief to Americans

President Donald Trump continues to prove the haters wrong, in particularly regarding economic gains. Trump boasted that he would be one of the greatest presidents for jobs in history, and he is living up to his lofty rhetoric on this particular issue.

Optimism amongst American entrepreneurs has reached 54 percent according to recent CNBC polls. A record $300 billion in capital was repatriated into the United States, another all-time record. These changes are happening directly because of Trump’s visionary economic leadership.

Other benchmarks already achieved during Trump’s young presidency include record high optimism from manufacturers according to a recent National Association of Manufacturers survey. Small business optimism is at the second highest rate ever measured during the 45 years that the National Federation of Independent Business has been doing their survey.

“U.S. firms that used to build their factories overseas in order to avoid U.S. taxes, they stopped in their tracks because of the tax bill, they are bringing all the money home,” said Kevin Hassett, who works as chair of the president’s Council of Economic Advisers, during a FOX Business interview last month.

The White House boasts that an astounding six million American workers have been given bonuses as the result of these tax cuts. Because of Trump, there is a labor shortage now and wages are increasing accordingly. Nominal hourly wages for US workers expanded at the quickest rate in at least a decade during the first three months of 2018. The unemployment rate is at 3.8 percent – the lowest total since before the dot-com bubble popped in 2000.

“We cut taxes for businesses of all sizes to make this the best place on Earth to start a business, to invest. We have billions and billions of dollars of additional revenue coming in. We lowered the corporate tax rate so the American worker finally has a level playing field. We allowed companies to deduct every single penny of investment in new equipment,” Trump said during a press conference celebrating the six month anniversary of his tax cuts.

The White House notes how their opposition was dead wrong about the economy, claiming that Trump’s plans would cause ruin. Rep. Nancy Pelosi (D-CA) called Trump’s tax bill “Armageddon” while liberal New York Times columnist Paul Krugman said “we are very probably looking at a global recession, with no end in sight” following Trump’s presidential victory in 2016. Sen. Chuck Schumer (D-NY) said of Trump: “What has been sold as a job creator and wage booster will, of course, do little of either.”

The left will continue their attempt to sabotage the American recovery, kicking and screaming every step of the way, but there are no brakes on the Trump train. The President vows to keep on winning for the US economy, regardless of how many Americans get sick of it.

“There’s never been a better time to hire in America, to invest in America, and to start living the American Dream,” Trump said.

Written by Shane Trejo

Shane Trejo is a contributing editor to The Schpiel.

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  1. This “Trump” economy is hardly that. Praise we’re praise due (i.e. deregulation), but one can’t forget that fundamentally this is still a zombie via federal reserve money manipulation. Malinvestments that have been made still exist. Trump was right on with campaign trail calling it big fat ugly bubble. Shame he changed as soon as in office. No, I am not just talking about stocks. I’m talking systemically and economy wide. To dismiss this risk is insanity and hubris. Denial of it and claiming credit is going to be what leads to Socialist / Dem victory after the crisis. I can hear it now… If only Trump didn’t deregulate, tax cut, etc. Temporary tax cuts will fade and we’ll be worse off. Trump should have taken chance to do what he’s great at- REALLY take them on. By this I mean legitimately embattle and attack the establishment war party, welfare party, and the federal reserve. But he won’t. Because he was never a small government guy. He’s an right leaning authoritarian.

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