USA was voted this years most competitive economy in the world, an honor that it hand't seen since 2008.
Trumps tax plan, and regulation cuts have helped grow the economy at or almost at 4% GDP this past year. There are now 8 times more manufacturing jobs than there were under Obama, the stock market has soared, and we have collected more revenue from income taxes this year than any other year prior, despite the tax cuts.
WSJ writes,
"But individual income taxes increased by $104 billion, or 7.9%, despite the cut in individual tax rates. How could that be? CBO says one reason is that withholding from paychecks increased by $32 billion, which “largely reflects increases in wages and salaries.” In other words, a faster-growing economy employed more people who made more money."
https://www.cnbc.com/2018/10/17/us-n...e-economy.html
https://www.wsj.com/articles/tax-rev...1919?mod=e2two
Trumps tax plan, and regulation cuts have helped grow the economy at or almost at 4% GDP this past year. There are now 8 times more manufacturing jobs than there were under Obama, the stock market has soared, and we have collected more revenue from income taxes this year than any other year prior, despite the tax cuts.
WSJ writes,
"But individual income taxes increased by $104 billion, or 7.9%, despite the cut in individual tax rates. How could that be? CBO says one reason is that withholding from paychecks increased by $32 billion, which “largely reflects increases in wages and salaries.” In other words, a faster-growing economy employed more people who made more money."
https://www.cnbc.com/2018/10/17/us-n...e-economy.html
https://www.wsj.com/articles/tax-rev...1919?mod=e2two
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