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A rocket ship economy: Cramer voted for tax cuts, Heitkamp did not

Sep 21 2018

Heitkamp was WRONG to vote against the tax cuts and she is now feeling the pain as North Dakota voters and our nation’s economy realize substantial benefits

President Trump’s Tax Cuts and Jobs Act reduced the tax rates for most North Dakotans and the results have been astounding. We are realizing benefits right now and there’s plenty of evidence. 

In North Dakota, a married couple filing a joint return with two dependents will see their federal tax liability decrease by $2,419. See examples here.

North Dakotan’s will see the largest average tax reduction in the nation. The analysis, conducted by the Tax Policy Center – a group backed by the Urban Institute and the Brookings Institution – says our state taxpayers will see an average 10.8 percent cut. 

Liberal tax-and-spend Democrats – like Senator Heidi Heitkamp – are now struggling to counter the substantial benefits being realized from President Trump’s tax cuts and have resorted to speculation and fear-mongering all while the economy soars.
 
 

A “rocket ship” economy:

 
  • U.S economic growth was stronger than initially thought in the second quarter; it was the economy’s best performance in nearly four years with GDP increasing to 4.2 percent.
     
  • President Trump’s economy beat expectations in August 2018 in an impressive month that saw 201,000 jobs added.
     
  • “Wage growth soar[ed] at its fastest pace since the Great Recession” and the unemployment rate held “near a generational low” of 3.9 percent.
     
  • The "strong" jobs report was widely praised thanks to companies "aggressively hiring" in August, with commentators calling the report "a positive sign," "good economic news," and evidence that the economy "keeps getting better and better and better."

Source:
 
  • Reuters, “US economy logs best performance in nearly four years,” CNBC, 8/29/18
  • Jeff Cox, "Economy Adds More Jobs Than Expected In August, And Wage Growth Hits Post-Recession High," CNBC , 9/7/18
  • Akin Oyedele, "Jobs Report Beats As Wage Growth Soars At Its Fastest Pace Since The Great Recession," Business Insider , 9/7/18
  • Christine Romans, “Economy Keeps Getting Better & Better & Better,” Unemployment at “Generation Low”  CNN   9/7/18
 
For more positive economic news:
Trump’s Economy Keeps Getting Better & Better & Better
 

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