It’s hard to escape the good economic news these days.
New reports show that in the first quarter of 2019, the U.S. economy grew by 3.2%, outpacing expectations by almost a full percentage point. In the month of April, unemployment fell to a 50-year low of 3.6%. Businesses continue to add hundreds of thousands of jobs month after month.
The sustained good economic news is in no small part thanks to last year’s tax cuts, and President Donald Trump’s work to cut unnecessary regulations that made it too costly to hire new workers or grow businesses.
The old cliché is that “a rising tide lifts all boats.” That’s correct, but it misses the full scope of what a strong and growing economy does for the poorest among us. It is actually the poor, those who have been historically disenfranchised, people with disabilities, and lower-skilled workers who benefit the most from rising economic tides.
Let’s look at the details.
https://www.dailysignal.com/2019/05/06/poorest-americans-are-benefiting-most-from-strong-economy/
New reports show that in the first quarter of 2019, the U.S. economy grew by 3.2%, outpacing expectations by almost a full percentage point. In the month of April, unemployment fell to a 50-year low of 3.6%. Businesses continue to add hundreds of thousands of jobs month after month.
The sustained good economic news is in no small part thanks to last year’s tax cuts, and President Donald Trump’s work to cut unnecessary regulations that made it too costly to hire new workers or grow businesses.
The old cliché is that “a rising tide lifts all boats.” That’s correct, but it misses the full scope of what a strong and growing economy does for the poorest among us. It is actually the poor, those who have been historically disenfranchised, people with disabilities, and lower-skilled workers who benefit the most from rising economic tides.
Let’s look at the details.
https://www.dailysignal.com/2019/05/06/poorest-americans-are-benefiting-most-from-strong-economy/