34 results for tag: economic growth

Jenny Beth’s Journal: It’s time to end the tax on phantom “gains”

Wealth creation is essential to making America great again. That’s why it’s disconcerting that we still have a silent tax based on inflation on capital gains – a tax that leads to less capital, depresses wages and job growth. Inflation is a tool created by the Washington Swamp to expand the supply of money faster than the increase in goods and services. Senator Ted Cruz (R-TX) and Senator Jim Inhofe (R-OK) introduced legislation that would index capital gains for inflation which would lead to more investments and economic growth. The Hill has the details: Say you purchased stock in 2000 for $1,000. You sold it in 2018 for $2,000. Under ...

The labor force has even more room to grow

President Trump has kept many campaign promises, including creating a better environment for job creation. The economy is booming and unemployment rates are dropping. Americans are becoming more confident in the growing Trump economy. The Washington Examiner has the details: Thousands of additional workers could be brought off the sidelines and into the labor force, the Federal Reserve said Friday, potentially bringing the labor market into a state of health it hasn’t enjoyed since the late 1990s. … Chairman Jerome Powell, who is scheduled to testify on the report next week, has maintained that the economic recovery could extend further ...

New hires at the highest level in 17 years

The economy is booming and the number of hires has officially hit the highest level in 17 years. Most surprising, 3.6 million people quit their jobs in May. The high number of quitters is an indication that Americans have recognized the booming economy and feel confident in making a job move. The Washington Examiner has the details: The total number of hires rose to 5.75 million in May, the agency reported, the most since January of 2001 at the height of the dotcom bubble. Meanwhile, job vacancies remained near record-high levels at 6.6 million. For the second month in a row, there were more job openings than unemployed workers, a situation ...

News flash: Wages are rising, jobs are abundant and the economy is ‘booming’

Last week, the Bureau of Labor Statistics released an updated jobs report that showed the nationwide unemployment rate falling to 3.8 percent. The best news: there’s an abundance of jobs. Thanks to President Trump, wages are rising and the country finally has confidence in our economy again! The Washington Examiner has the details: The good news is not confined to the fact that there is an abundance of jobs. Wages are rising, too. For the first time since the National Federation of Independent Business began surveying about wages in 1986, 35 percent of small business owners increased compensation last month. ... Remember, the day after ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 2/26/18

CALENDAR: Both the House and the Senate will return from their Presidents’ Day recess today. The House will be in session through tomorrow, but the Senate will stay in session until Thursday. LAST WEEK ON THE HOUSE FLOOR: The House was in recess last week. THIS WEEK ON THE HOUSE FLOOR: The House will return today, with the first vote set for 6:30 PM. At that time, the House will try to consider seven bills under Suspension of the Rules. On Tuesday, the House will consider another bill under Suspension of the Rules, and then will consider two other bills – H.R. 4296, to place requirements on operational risk capital requirements ...

Democrats’ fear-mongering tax reform tactics have backfired

After weeks of Democrats – like Nancy Pelosi – falsely claiming President Trump’s tax reforms are little more than “crumbs” and “scraps” for the American people, more recent polling in February show hard-working Americans are discovering they aren’t telling the truth. After millions of workers noticed a bump in their income, a majority of Americans now support President Trump’s tax reform plan. Townhall has the details: This is about as clean a political win as you're going to see these days, so Republicans are absolutely right to be pressing their advantage.  They've earned it.  They withstood weeks of withering and punishing ...

What to expect from President Trump’s ‘State of the Union’ address

President Trump will give his first ‘State of the Union’ address tonight, touting the GOP’s accomplishments and how Trump’s policies are building a safe, strong and proud America. We expect Trump’s speech will resonate with our tea party values and will give the American people hope in the new year. The president is likely to discuss five key issues and how the administration plans to handle these issues: 1. Jobs and the Economy President Trump is expected to talk about newly passed tax reform and the benefits it already has and will continue to have on Americans and American businesses. Trump will also talk about the administration’s ...

Manufacturers agree with President Trump: Tax reform is “rocket fuel” for the economy

President Trump’s historic tax plan has provided manufacturers with the ability to hire more workers and put more money back into the pockets of manufacturing workers. Real Clear Politics has the details: In the NAM’s latest quarterly Manufacturers’ Outlook Survey of our members, most respondents felt confident that tax reform would grow their businesses and help their workers. Sixty-three percent said comprehensive business tax reform would encourage their companies to spend more on their facilities and equipment, and 58 percent said they would expand their businesses. In addition, 54 percent said they would hire more workers, and ...

Thanks to President Trump’s tax reform, the Gig-economy is booming

There are nearly 24 million hard-working Americans who participate in the “gig economy," including Uber drivers, web designers, and contractor janitors. These are some of the smallest of small businesses and beginning next year, they will see large reductions in their taxable income thanks to President Trump’s historical tax reform. The National Review has the details: The media did such fine work, they actually persuaded the vast majority of Americans of a total fiction. According to an NBC News/Wall Street Journal poll, more than 80 percent of American voters believe they will not get a tax cut as a result of the legislation. The reality is ...

Tea Party Patriots Citizens Fund Congratulates U.S. Senate for Passing Tax Reform

Atlanta, GA – Tea Party Patriots Citizens Fund Chairman Jenny Beth Martin released the following statement reacting to the U.S. Senate passing the tax reform conference report. “Tea Party Patriots Citizens Fund congratulates the U.S. Senate for delivering on the promise to pass a comprehensive tax reform plan that will leave us with a tax code that is flatter, fairer and simpler while allowing the American people to keep more of their hard-earned money. We are thankful the Senate pushed to include repeal of Obamacare’s individual mandate in tax reform. It will lift a huge burden from American families and we hope it will set us on a path to ...