Despite shameless attempts by Democrats to try and downplay the benefits of tax cuts, the fact remains: 82% of middle-class Americans saw a tax cut in 2018, with an average savings of more than $1,260.
Plus 90% of Americans saw an increase in take home pay.
And tax cuts have been hugely effective at stimulating the economy:
- Wages grew 3.2% in 2018, the best growth rate in 10 years.
- Average hourly earnings increased.
- Jobless claims are at the lowest since 1969.
- The U.S. added 2,679,000 jobs in the year following the passage of the Tax Cuts And Jobs Act, that’s nearly a 25% increase from the previous year.
And because of President Trump’s Tax Cuts And Jobs Act, there were major investments in 9,000 opportunity zones in distressed communities across the country.
Bottom Line: The economy is growing because of President Trump’s policies and millions of Americans will have a better tax day because of the tax cuts passed by Republicans.