Dec 05 2018
Nov 29 2018
In addition to providing broad-based tax relief, the Tax Cuts and Jobs Act created Opportunity Zones (OZs), drawn from legislation introduced by Senator Tim Scott (S.293) and former Representative Pat Tiberi (H.R.828), the Investing in Opportunity Act. OZs encourage long-term private capital investment to revitalize low-income areas.
America leads the world in innovation that improves lives and transforms everything from the way we do business to ordinary activities in our daily lives.
Nov 15 2018
The economy’s resurgence, driven by pro-growth regulatory reform and the Tax Cuts and Jobs Act, has enabled the Federal Reserve to normalize interest rates, i.e., get them to a level that is more consistent with historical norms, and to start shrinking its balance sheet. To realize the full effects of pro-growth policies, the Fed must essentially “thread the needle”: Some additional interest rate hikes may be warranted as the economy continues to improve, but they should not be so rapid as to disrupt the recovery.
Nov 02 2018
Obamacare forced Americans to buy government-approved health insurance—a federal command known as the individual mandate—and enforced it by taxing people who are uninsured. Since the Tax Cuts and Jobs Act ended the tax (beginning in 2019), reality has defied every doomsday prediction.
Oct 31 2018
Oct 29 2018
RGDP growth averaged 3.0% over the last six quarters compared to the Obama Administration’s 2.2% recovery average despite its predictions that faster growth was no longer attainable. Likewise, take-home pay (real disposable income—inflation-adjusted income after taxes) is growing faster. It has averaged 2.7% over the last 6 quarters compared with an Obama-era recovery average of 2.3%. The improved economic outlook reaffirms that common-sense pro-growth policies work.