“There’s never been a better time to hire in America, to invest in America, and to start living the American Dream. There’s never been a better time than this. Because the future of America doesn’t belong to the privileged few, it belongs to all of the people.”
ENERGIZING AMERICAN BUSINESS: Optimism and plans for growth are soaring as businesses feel the benefits of President Donald J. Trump’s tax cuts.
- Optimism among American manufacturers has reached unprecedented levels according to the most recent Outlook Survey from the National Association of Manufacturers (NAM).
- Manufacturer optimism stood at 93.5 percent in the most recent survey, the second highest reading in the survey’s history.
- Projected employment growth, new capital investments, and inventory increases all reached all-time highs in the survey.
- According to the survey, manufacturers expect sales to grow over the next year at the second fastest pace on record.
- Manufacturers anticipate wages will grow at the fastest pace in 17 years.
- Small businesses are worrying less about taxes and are investing more in their workers according to a National Federation of Independent Businesses (NFIB) survey from March 2018.
- Taxes received the fewer votes as the number one problem facing small businesses for the first time since 1982.
- The proportion of small businesses that reported raising their worker’s compensation reached its highest level since 2000.
- A March 2018 survey of business executives by Ernst & Young, looking at how companies plan on using their tax savings found that:
- 75 percent expect to expand manufacturing in the United States.
- 89 percent plan to increase worker compensation.
- 66 percent will likely pass on some of their tax savings to customers.
- 69 percent expect to bring back more earnings to the U.S. from overseas than they would have otherwise.
- The Federal Reserve cited the Tax Cuts and Jobs Act as a key factor in increasing their economic projections for the United States over the next several years.
BENEFITING EMPLOYERS OF ALL SIZES: Businesses of all sizes are using their tax savings to invest in their hardworking employees.
- From small family businesses on up, American employers have been able to raise wages and increase benefits for their workers as a result of the Tax Cuts and Jobs Act.
- More than 5.5 million hardworking taxpayers have received bonuses, pay raises, and increased benefits.
- Wichita Railway Services gave each of its five employees a tax cut bonus between $3,000 and $6,000.
- In March, Muncie Aviation Company gave its 55 full-time and 8 part-time employees a bonus due to its tax savings and 2017 business performance.
- Cox Enterprises has announced it will provide most of its nearly 60,000 employees with bonuses between $1,000 and $2,000 in April.
- McCormick & Company has announced it will provide $1,000 tax cut bonuses to eligible hourly employees in May.
- McDonald’s Corporation announced it would invest $150 million in its education program which provides employees with opportunities to earn a high school diploma, college tuition assistance, and free education advising.
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REVITALIZING THE ECONOMY: The Tax Cuts and Jobs Act is contributing to a healthy American economy under President Trump.
- United States gross domestic product (GDP) growth for the fourth quarter of 2017 was revised up to 2.9 percent, beating expectations.
- More than 2.5 million jobs have been added since President Trump took office.
- 263,000 manufacturing jobs have been added.
- 277,000 construction jobs have been added.
- The unemployment rate has remained at a 17-year low of 4.1 percent since October of last year.
- The number of Americans receiving unemployment insurance benefits has fallen to its lowest point since 1973.
Keep up the great work President Trump!
Instead of my license plates price going down this year they went up over $15.00. They said ti was due to the increase in taxes, “infrastructure tax” for roads and such. I wonder what else is going to rise, groceries and car gas? I am on a fixed income and filing bankruptcy, I just can’t afford for things to keep going up. My checks don’t go up enough to compensate.
Who is getting increase in wages, am I paying for them.
Those are state and local taxes. Not federal.
Max we still pay federal taxes on just about everything. But yes it was my State and local but how do you think we end up paying for our infrastructure, not just local and State taxes alone. When I itemized my returns, I kept all my grocery tabs and everything I paid taxes on and itemized them for my federal returns, but sooo many taxes on things that add up to a whole lot.
Depends on what state you live in. I’m from Pa and we have the highest taxes in gas in the country. Not Presidents fault but the fault of our Govenor. Our school taxes go up all the time, not the Presidents fault, but the fault of our Govenor, because the teachers get healthcare and don’t pay a penny towards it, they can retire with full pension at 55, the rest of us had to wait u til we were 67 and then we could get our pensions. So check and see who is causing you grief. I worked until I was 72, still have to pay full school taxes, pay for my supplementary insurance, prescription plan. But the state workers and teachers prance around and get everything free. And the USA just got a big F in reading and math. Go figure.
Granny, I am in Indiana, the tax is not so high but they tax the leftovers on the table. We are big on schools here and we need it to help fight the liberal systems that keep trying to infiltrate. I’m 81 and have seen things go so high on things my checks don’t increase with COLA to match the times. I will make it fine until my time is up but lets hope our president Trump can help with the lower incomes to see they get the increases for the hard workers now that the old CIC is out of office. MAGA
I urge all US citizens to support the President’s actions to continue economic growth and to remain firm on foreign relations.
GOOD ADVISE!
Why export so much petroleum out of this country? Why not keep a large portion in this country, do away with ethanol so Americans can have a much better quality of fuel. Ethanol is nothing but a filler. It starts breaking down if not used after ninety days and starts absorbing water. I am a boat motor mechanic so if it will do this to recreational motors then it will do it in the fuel tanks of vehicles.
Never thought I would see bottom of the barrel service entry-level jobs like fast food and Walmart competing for employees by raising wages, but they are. A friend of mine works at Walmart and says they got bonuses. Some businesses even have overtime now. When was the last time you heard of that? Overtime used to be common when I was young, 45 years ago. Real estate is definitely up. We are selling our house which is too big for just two people and retiring to a smaller place. Great time to do it. This is the hottest I’ve seen the economy since the Reagan years.
I think the tax cuts certainly helped, but much more than that are the hundreds (maybe thousands?) of regulations that were rescinded by President Trump. People have no idea of the extent to which Liberal, Socialist Democrats go to mess this country up. They do this with great purpose (they hate this country) and considerable skill. It doesn’t help that the Republicans are led by a bunch of back biting RINOS (McCain and others) and egomaniacs who can’t out-think or out-maneuver a bunch of power mungers like Pelosi and Shumer. The Democrat leaders know that Socialism doesn’t work, but it makes them rich and powerful, and THAT’S what they want. They couldn’t care less about this country an its people.
Why is my comment “awaiting moderation”? Are editing the comments made by your readers. If your are, count me out as a reader. I will not waste my time!
All these statistics are really great. The growth in the city I live in, Murfreesboro, Tennessee, has us rated as the number one city in the state. Of the 3,141 counties in the United States almost 72% of them are at or below the line of economic prosperity. The above statistics can only last if the Federal Government lowers its uncontrolled spending and starts reducing our debt. The above tax cuts will add about $1 trillion annually to our national debt which is $21 trillion and the interest on that debt is running at half a trillion a year and will continue to go up. This, by itself, will kill this economic expansion if the government doesn’t do its part.
We need the business back that closed up and moved overseas when Bill Clinton’s bill NAFTA was signed. We lost our textile mills, our clothing factories, our steel mills, our shoe factories, even General Electric which built Air conditioners, refrigerator, dryers and lots of others companies moved as well. General Electric complex in Jessup Md. closed in the late 70s, (I lost my job there) The company that made men’s coats where I worked in the 80s also moved its operation overseas as well.That is just a small amount of businesses that moved out of the US. How many of you lost your jobs because of the company moving overseas or because imports forced your workplace to close. These companies made millions of dollars more by making the product in another country and then importing it back to the US. Bill Clinton’s bill did all this damage. And a lot of you folks think Democrats is good for the country, well think again.
I agree with all of the above, and I might add California States Assembly Senators are corrupted by personal interest, and some had stated proudly on TV that the are not here legally . We need to be strong to Enforcing the Law equally .