October 17, 2019
written by Net Advisor™
WASHINGTON, DC. A study by Sentier Research found that since President Trump took office, middle-class income is up $5,003 to an all-time high of $65,976.
According to Real Clear Politics, if you take into account the Trump (non-corporate) tax cuts, this pushes the net-after-tax income of the middle-class with a family of four to about a +$6,000 INCREASE!
Three main reasons why the U.S. economy has experienced a massive economic boom and the lowest underemployment rate in 50-years is due to:
(1) Cutting corporate taxes from 35 percent to 21 percent;
(2) Cutting individual income taxes and;
(3) Massively cutting government regulations.
This was a simple formula and it worked.
Since the 2016 election, the Dow Jones Industrial Average (DJIA) has soared 46.3 percent; NASDAQ up 55.1% and the S&P 500 Index representing the 500 largest companies in America is up 38.8% through October 19, 2019.
Graphic Credit: Fox News.
Whether one likes or dislikes Trump; agrees or disagrees with Trump, despite a massive effort by many in the media, Democrats, and some in his own party who all have tried to sabotage Trump’s efforts for benefiting Americans over big government special interest groups; Trump has managed to create an economic environment where people are working again, wages are up at a 10-year high, stocks have soared, and overall the middle-class is doing the best it has on record.
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