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New Study Indicates Trump’s Soaring Jobs Numbers Will Only Go Higher With Tax Plan

Under President Donald Trump, the economy has already seen record-low unemployment, a booming manufacturing sector, and an unexpectedly high economic growth.

But according to a new study from the Tax Foundation, the economy will likely get even better as Trump’s tax reform package spurs nearly 1.5 million new, full-time equivalent (FTE) jobs by 2025.

Tax reform is expected to add at least 215,000 jobs in 2018 and steadily increase until it reaches a cumulative 1,443,000 in 2025. That number will slightly fall, however, in 2026 (1,348,000) and 2027 (1,216,000).

See the job increases by state, below:

The Foundation also expected Trump’s tax reform would boost gross domestic product (GDP) and increase wages.

The news came as the nation saw a record number of employed in the United States. As IJR reported earlier, the July jobs report showed that 155,965,000 were employed among the non-institutionalized, civilian population.

Trump has repeatedly credited his tax and regulatory reform for the country’s economic success:

Although Trump’s critics have complained the tax package is a giveaway for the rich, it also prompted businesses to distribute greater benefits to their employees.

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2 Comments

2 Comments

  1. Yury

    August 4, 2018 at 5:39 pm

    Excellent

  2. Sandy

    August 4, 2018 at 5:52 pm

    LONG NEEDED and MUCH Appreciated! President Trump IS “MAKING AMERICA GREAT AGAIN” in spite of unfair media statements, and the “Swamp” in D.C. HE is EXACTLY what WE the PEOPLE need to become great again! THIS is what truly matters… NOT something that happened YEARS ago before he even thought of running for PRESIDENT. A shame the sore “Losers” don’t have the fortitude to accept that wonderful things are happening every day in our country and COULD be 1000% Better if they would just accept it graciously.
    THANK YOU TRUMP SUPPORTERS!!!

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