America has just received its midterm economic report card, and our founding fathers would be proud. According to the Commerce Departmet American GDP increased 3.1% from the 2017 fourth quarter to the 2018 fourth quarter. This is the largest increase in 13 years. Fox News has also reported that a decade after the bull market in 2008 the Dow and S&P have risen over 300% from their record lows.
Mark Weinberger, CEO of EY, is confident that the best is still yet to come. Though fixing our economy will take time, the Tax Cuts and Jobs Act (TCJA) is a step in the right direction towards increasing wages and commercial productivity.
All of this economic progress would not have been possible without the relief from the TCJA. Business is booming again thanks to the substantial corporate tax rate reduction and increase investment. Let’s keep it that way!