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BOOM: Top Trump Economist Drops UNDENIABLE Stats On GOP Tax Cuts, Reveals What Americans Are Saving

BOOM: Top Trump Economist Drops UNDENIABLE Stats On GOP Tax Cuts, Reveals What Americans Are Saving

On Monday (tax day), Chief of Economic Advisers Chairman Kevin Hassett discussed President Trump’s booming economy on Fox Business.

Check out what the Gateway Pundit reported:

82% of middle-class Americans saw a tax cut in 2018, the average savings was more than $1,260.Thanks to the Tax Cuts and Jobs Act, 90% of workers saw an increase in take-home pay after the IRS adjusted withholding tables to reflect the new law.

These gains were reflected in the 3.3% wage growth during 2018, the best in a decade. As promised, the Tax Cuts and Jobs Act accelerated job growth by nearly 25%, pushed unemployment to historic lows, and kick started stellar GDP growth.

Opportunity Zones incentivized investors to put their money into distressed communities.

A “hidden gem” in the tax bill, the more than 8,000 Opportunity Zones across the country are set to create thousands of jobs and spur investment into communities left behind by the economic recovery

The Tax Cuts and Jobs Act doubled the Child Tax Credit, the $1,000 increase saved working families more than $100 billion. The bill also expanded the refundable portion of the credit, a provision that helps primarily low-income families.

The Trump economy is doing better than ever and people are beginning to see the benefits of President Trump’s policies including his tax plan.

The facts speak for themselves.

The Trump Administration is creating a booming economy which might suggest why President Trump’s recent fundraising numbers are so high.

Check out what the Daily Wire reported:

Many of the 2020 Democratic presidential candidates have hauled in record sums of money in the first fundraising quarter of the 2020 election cycle, but none of them can hold a candle to President Donald Trump, who took in a whopping $30 million, according to The Washington Post.

The sum “far outpaces” any of the Democratic contenders, the WaPo reports, and dwarfs the candidate with the next highest fundraising totals, Sen. Bernie Sanders (I-VT), who pulled in around $18 million.

Monday is the last day that Federal Election Commission reports, which should have been filed at the beginning of April, can be turned in for candidates who declared their intent to run for president in the first quarter of 2019.

Among the Democrats, Sanders easily leads the way, with Sen. Elizabeth Warren (D-MA) following far behind at $11 million, according to a CNN live feed of the FEC “reveals.” Sen. Kamala Harris (D-CA), expected to be the next strongest fundraiser after Sanders, has not yet reported her earnings (she’s expected to have earned around $12 million).

Trump’s latest fundraising numbers will have many Democrats very worried about the 2020 presidential election.

Trump’s re-election campaign raised a whopping $30.3 million in the first quarter of 2019, which is far more than every single 2020 Democratic presidential candidate.

Of that $30.3 million, almost 99 percent of all donations were $200 or less, with the average donation being $34.26.

This is arguably the most important data point because it shows that almost 100 percent of Trump’s re-election campaign is being funded by Americans, not large donors and corporations.

What are your thoughts? Let us know in the comments below.

 

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