It Never Ends: More Great Economic News
If you’re looking for bad news about the economy, you’d be hard-pressed to find any these days.
The economy has steadily been on the rise—in more ways than one—since Republicans passed tax reform last year. Americans are seeing the direct results of tax reform in their growing paychecks, businesses are extremely optimistic about the future, jobs are being added left and right, wages are rising, stock buybacks are putting millions of dollars back into the economy, and Americans are confident in the nation’s economic standing.
Just this week, two more companies (McDonald’s and McCormick) were added to the long—and growing—list of companies giving employee bonuses, increasing wages, passing savings onto customers, and giving back to employees and their communities in tax reform’s windfall.
In addition, the unemployment rate has plummeted to its lowest level in 45 years, and the country’s GDP has grown by 2.9%.
Tax reform’s positive shockwaves are not only being felt on a national scale, however. To the contrary, tax reform has proven to also affect Americans on a micro level, in both Main Street businesses and families.
Middle-class Americans know the larger paychecks they’re receiving thanks to tax reform are not just “crumbs”—that money has the potential to significantly ease their cost of living.