Trump applauds House GOP tax bill: ‘We are just getting started’

ㅤ”I applaud the House Ways and Means Committee for introducing the Tax Cuts and Jobs Act, which is another important step toward providing massive tax relief for the American people,’ the President said in a statement shortly after lawmakers announced the specifics of the long-awaited tax bill.
ㅤ’My tax reform priorities have been the same since day one: bringing tax cuts for hardworking, middle-income Americans; eliminating unfair loopholes and deductions; and slashing business taxes so employers can create jobs, raise wages, and dominate their competition around the world,’ the President said.”

Full story at The Washington Examiner, image from trbimg(.com) • congress, donald trump, economy, house of representatives, house republicans, household income, jobless claims, jobs, labor force, middle class, middle-income, potus, president, tax break, tax cut, tax cuts, tax plan, tax rate, tax reform, taxes, taxpayer funds, the hill, workforce, working class • Go here to reblog this post (browser only).

Wealth gap grows after recession as minorities struggle to recover

ㅤ”Most Americans are still struggling to recover wealth lost during the worst recession in modern history, but those on the higher end of the economic spectrum are rebounding much faster, according to new government data.
ㅤThe rising inequality is most pronounced along racial lines. White households, especially wealthier whites, have recovered well. Black and Hispanic households are taking far longer to recover, however, fueling a growing chasm between those with financial means and those without.”

Full story at The Hill, image from thehill(.com) • african american, black, economy, household income, jobless claims, jobs, labor force, middle class, racism, tax break, tax cut, tax cuts, tax plan, tax rate, tax reform, taxes, taxpayer funds, workforce, working class • Go here to reblog this post (browser only).

The Trump Economy Keeps Humiliating His Critics

ㅤ”Critics scoffed when President the President unveiled his budget proposals last spring. They might not be scoffing much longer.”

Story at Breitbart, image from breitbart(.com) — #china #chinese #donald trump #economy #household income #jobless claims #jobs #labor force #middle class #potus #president #trade deficit #workforce #working class — Visit the post page to like, share or reply to this post.

Trump Admin Tightens H-1B Guidelines to Keep American Workers from Being Replaced by Foreign Labor

ㅤ”A new directive by President Trump’s administration seeks to prevent American workers from being replaced by foreign labor by making it increasingly difficult for foreign nationals to continuingly have their guest worker visas renewed.”

Story at Breitbart, image from reuters(.com). #economy #globalists #green cards #h-1b #household income #illegal aliens #illegal immigrants #immigrants #immigration #immigration reform #jobless claims #jobs #labor force #middle class #migrants #trump administration #visas #white house #workers #workforce #working class — Visit the post page to like, share or reply to this post.

Poll: A majority of white Americans believe whites are discriminated against

ㅤ”According to a new poll from NPR, the Robert Wood Johnson Foundation, and the Harvard T.H. Chan School of Public Health, 55 percent of white Americans believe there is discrimination when it comes to issues such as hiring practices, college admissions, and government help.”

Story at The Washington Examiner, image from wordpress(.com). #economy #household income #jeff sessions #jobless claims #jobs #labor force #middle class #workforce #working class #discrimination — Visit the post page to like, share or reply to this post.

House Republicans Might Add Millionaire Bracket in Tax Plan

ㅤ”Those who make more than $1 million per year will not receive a tax cut.”

Story at Breitbart, image from pinterest(.com). #congress #economy #gary cohn #house of representatives #household income #irs #jobless claims #jobs #labor force #middle class #steve bannon #steven mnuchin #tax cut #tax cuts #tax plan #tax rate #tax reform #taxes #working class #ways and means — Visit the post page to like, share or reply to this post.

What Trump gets wrong about 401(k)s

ㅤ”Retirement savings plans, though pitched as policy for everyone, aren’t very evenly distributed throughout the income ladder. According to a 2009 survey, most workers in the bottom quarter of the income distribution don’t even have access to workplace retirement benefits. In the top quarter, 73 percent of them do. And the rich are more likely to participate in those plans: 94 percent of high-income workers who have access to workplace retirement benefits use them, compared to just 72 percent of low-income workers. In turn, the rich receive most of the benefits from retirement tax breaks.”

ㅤô¿ô …My company’s plan was irresistible because of matching payments.

Story at Politico, image from form9465(.com). #donald trump #economy #household income #irs #jobless claims #jobs #labor force #middle class #middle-class #potus #president #tax break #tax cut #tax cuts #tax plan #tax rate #tax reform #taxes #working class #401(k #retirement savings — Visit the post page to like, share or reply to this post.