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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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