Trump tax cuts improved economy: Fox Business.
Art Laffer, a renowned economist and former economic advisor to President Donald Trump, recently spoke with Fox Business about the tax cuts implemented by the Trump administration and the resulting economic gains. Laffer claims that the tax cuts have been a major factor in the strong economic performance of the past few years. He stated that the tax cuts have led to a “far better” economy, with higher wages, more jobs, and improved economic growth.
Laffer also noted that the tax cuts have been beneficial for businesses, as they have been able to keep more of their profits and reinvest in their businesses. This has resulted in businesses creating more jobs and increasing wages. He also believes that the tax cuts have helped to stimulate investment, leading to an increase in economic growth.
In addition, Laffer pointed out that the tax cuts have been beneficial for individuals as well. He noted that the tax cuts have allowed individuals to keep more of their income and spend it on goods and services, leading to an increase in consumer spending. This has led to a strong performance in the retail sector, as well as other sectors of the economy.
Finally, Laffer believes that the tax cuts have been beneficial for the US economy as a whole. He believes that the tax cuts have allowed the US to compete more effectively with other countries, as businesses are able to keep more of their profits and invest in their businesses. This has led to an increase in economic growth, as well as an increase in wages and jobs.
Overall, Art Laffer believes that the Trump administration’s tax cuts have been a major factor in the strong economic performance of the past few years. He believes that the tax cuts have been beneficial for individuals, businesses, and the US economy as a whole. He believes that the tax cuts have allowed businesses to keep more of their profits and invest in their businesses, leading to an increase in economic growth. In addition, the tax cuts have allowed individuals to keep more of their income and spend it on goods and services, leading to a strong performance in the retail sector, as well as other sectors of the economy.
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