As the Democrats continue pushing for higher taxes on the campaign trail, the Tax Cuts and Jobs Act (TCJA) proves that lower taxes help businesses grow and create new jobs for Americans. Under the TCJA, we have seen historic economic growth, unemployment rates have drastically decreased, and income continues to rise.
This month, the Fed has announced that the U.S. economy continues to have a positive outlook. “The outlook generally was positive for the coming months, with expectations of continued modest growth, despite widespread concerns about the possible negative impact of trade-related uncertainty,” according to the report Wednesday in Washington.
Not only are we creating more jobs, but people are spending more. The Feds have reported that retail sales have increased overall. Americans are feeling the benefits of small government, and businesses are thriving because of it.
Because of the great economic output from TCJA, the Feds are expected to reduce interest rates by a quarter point soon. The economy continues to grow, businesses continue to thrive, and the TCJA continues to positively impact American’s and America’s economy.