Posted on 01/11/2018 6:05:28 AM PST by RoosterRedux
During his eight years, Obama oversaw an output of some 3,069 regulatory rules and nine new taxes that were part of the ObamaCare health law, adding nearly $900 billion in costs to the U.S. economy, and a record 572,000 pages to the Federal Register. In contrast, in his first 11 months, Trump has eliminated some 66 significant rules while adding only three, which equates to a ratio of 22 to 1 — far exceeding the standards of his Executive Order 13771 requiring 2 old rules to be eliminated for every new one added.
The stock market closed out 2017 with a record increase for the eighth year of economic expansion, largely due to deregulation and anticipation of tax cuts.
No sooner had the ink dried on President Trump's signature on the Tax Cuts and Jobs Act of 2017 on December 22, than more than a dozen companies, such as AT&T, Comcast NBC, Boeing, American Airlines, Southwest Airlines and Kansas City Southern, announced special $1,000 bonuses to more than 300,000 employees, and tens of billions of dollars of spending increase on plant, capacity, facilities and workforce development.
2018 has come in like a lion with the Tax Cuts and Jobs Act delivering more headline news. Now it's reported that more than one million American workers at some 60 companies will be receiving pay raises and/or bonuses — undeniably attributable to the reduction of corporate tax rates from 35% to 21%. Wells Fargo, PNC, Bank of America, Fifth Third Bank, and BB&T, to name just a few — all cranked up minimum wages paid to $15/hour and spread the new found wealth anticipated from tax savings in generous bonuses to more than a hundred thousand employees.
(Excerpt) Read more at investors.com ...
The liberals, like Krugman et al will continue to bleat with their blinders on.
The insane left will continue to scream about the President’s sanity.
The media will continue to promulgate their propaganda.
And President Donald J. Trump will continue to MAGA!
Wally World raised their hourly wage rate
If i don’t get 5 billion dollars back in my taxes this year..Trump is out!
Positioning themselves as the authors of this economic boom.
Obama thanked himself recently. And leftist economists say the ground work was laid two years ago. I only ask them to list the policies that Obama implemented that caused this.
* Crickets *
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