We promised more jobs, fairer taxes, and bigger paychecks. And we delivered on that promise. House Republicans are hearing from workers, families, and small business owners and hearing the same story over and over again: We’re Better Off Now.
Despite all the good news and all the happy Americans, Democrats still aren’t convinced. In fact, they’ve vowed that, if given the opportunity, they would raise taxes.
Democrats being out of touch with what families need shouldn’t be surprising. Let’s take a little #ThrowbackThursday look at what they were saying as the Tax Cuts & Jobs Act passed, and compare it to what’s really happening.
As Republicans reformed the outdated tax code, Democrats referred to us and our work as: “Evil in the extreme.” “The worst bill in the history of the United States Congress.” “The death of America.” “Armageddon.” “Akin to rape.”
Here’s what Democrats consider the end of our country, nay the world:
- 201,000 new jobs added in August (CNBC)
- 4 million new jobs created since November 2016 (Department of Labor)
- 3.9 percent unemployment – still at a historic low (Bureau of Labor Statistics)
- Highest wage growth since April 2009 (Reuters)
- Layoffs are also at a half-century low (Wall Street Journal)
- U.S. worker productivity is at its best pace since 2015 (Wall Street Journal)
- More than $1.1 trillion in tax relief from the Tax Cuts & Jobs Act goes directly to families and small businesses. (The Joint Committee on Taxation)
- A typical married couple with two kids earning $73,000 would see a tax cut of $2,059 (Committee on Ways and Means)
- The Employment Cost Index shows the fastest pace of wage growth in a decade. (Department of Labor)
- Because of a larger standard deduction, doubled child tax credit, and lower tax rates across the board, American workers and families get to keep more of their hard-earned dollars. (Committee on Ways and Means)
- Official data shows wages are rising, with or without adjusting for inflation. (Joint Economic Committee)
- Economic productivity is up 2.9 percent in the last quarter. (Bloomberg)
- Small business optimism is at a record high. (NFIB’s Small Business Optimism Index)
- Industrial production is up 4.2 percent from last year. (The Federal Reserve’s industrial production index)
- Americans’ real disposable personal income grew at 3.5 percent for the first half of 2018. (Joint Economic Committee)
- 120+ utility companies have lowered prices in 48 states as a result of tax reform (ATR)
- 6.9 million job openings as of May 2018, meaning more jobs than job seekers (Bureau of Labor Statistics)
- 65% of Americans say now is a good time to find a quality job (Gallup)
The numbers speak for themselves — this wasn’t Armageddon. Thanks to Republican policies like tax reform, our economy is booming and the American people are Better Off Now. For more on our work, visit Better.gop.