Although President Trump and Republicans have many critics, Fox News notes the GOP’s economic accomplishments and believe they will prove helpful to the Republican Party between now and November 6, 2018.
The Economy Under President Trump and the GOP
Between the months of October 2016 and December 2017, the U.S. national unemployment rate declined by 0.8%. The amount of unemployed women has also dropped by 0.6%, while unemployment rates for Americans without college degrees lessened by 0.7% between the months of January 2017 and January 2018.
As employment rates diminished, the amount of U.S. jobs also surged under President Trump. Since the 45th President’s time in office, the creation of over 1.8 million new jobs has followed. Most Americans agree that the economy tends to thrive when Americans are working and employed.
Following unemployment declines and job creation upsurges comes tax reduction. On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act into law. Since then, the corporate tax rate has lessened by 14%. Furthermore, a considerable amount of American workers have gained cash bonuses, 401K match increases, wage and salary gains, and tax reductions.
