(National Sentinel) Crumbs, not: If the financial growth we’re now seeing continues for an additional six-and-a-half years of POTUS Donald Trump and a more Trump-friendly GOP majority (yes, we believe he’s got 2020 in the bag), the United States will experience an economic renaissance the world has seldom seen.
Thanks to the tax reform bill passed by Congress (opposed by every Democrat, by the way), American manufacturing is growing at a pace not seen in decades.
Not only that, but companies are sharing their windfall — and no, they’re not handing out “crumbs,” as that out-of-touch multimillionaire Nancy Pelosi once said.
The Daily Signal reports:
Lima Pallet Co. announced earlier this year it was adding 15 to 20 jobs as part of an expansion prompted by the 2017 tax-cut law—one of 100 manufacturers across the county identified by Americans for Tax Reform as increasing hiring, giving pay raises, or expanding their operations with new factories and equipment.
The Tax Cuts and Jobs Act, signed into law in December, cut corporate and individual income tax rates and eliminated some tax loopholes.
“Thanks to the tax cuts passed by the Republican House and Senate and signed into law by President Trump, manufacturers are building new facilities, purchasing new equipment, hiring new employees, and investing in current employees through bonuses and increased benefits,” a statement Wednesday from the nonprofit Americans for Tax Reform said.
Although no Democrats in the House or Senate voted in favor of the Tax Cuts and Jobs Act, it seems to be benefiting blue states as well as red states.
“Within probably the first week [of tax reform], we ended up giving all of our employees a raise, which has been much-needed,” said Tracie Sanchez, Lima Pallet co-owner and president, the local WLIO-TV reported in March. “We haven’t been able to do that for several years in a row. We also invested in some equipment.”
Dozens of other manufacturers are also expanding, ATR reported. They include:
— Rockford Ball Screw in Rockford, Illinois, was looking to hire 25 more employees to its staff of 70, according to reports in June.
— The Hagerstown, Maryland-based Jamison Door Co. is increasing its workforce by 115 percent over the next three years, the National Association of Manufacturers said in July.
— Atlanta-based aluminum manufacturer Novelis broke ground on a $300 million Guthrie, Kentucky, manufacturing facility in May.
— Baltimore-based Marlin Steel increased its workforce by 10 percent this year and also spent $1 million on new equipment.
— Denver-based Centennial Bolt will add 15 employees, an increase of 30 percent of its workforce, and has plans to build a new plant.
— Sabel Steel, based in Montgomery, Alabama, announced pay raises for its 230 employees and plans to make additional hires.
All of these companies and scores of others credit the Trump/GOP tax cuts with their expansion.
“Thanks to the tax cuts passed by the Republican House and Senate and signed into law by President Trump, manufacturers are building new facilities, purchasing new equipment, hiring new employees, and investing in current employees through bonuses and increased benefits,” ATR said in a statement.
There’s more. A new report notes that POTUS Trump’s tariffs have created 11,000 new jobs, mostly in the manufacturing sector in just six months — a finding you’ll not see in the “mainstream media.”
Breitbart News reported:
Analysis conducted by a Coalition for a Prosperous America (CPA) finds that Trump’s tariffs, thus far, have created about 11,100 American jobs throughout the country, a far cry from the job losses that were predicted by free trade economists and pundits.
“The national media is generally ignoring the job creation arising from the country’s new strategic trade posture. This information is important. These jobs will have substantial positive effects on local economies and the national US economy,” economist Jeff Ferry said in a statement.
“They are in general well-paid manufacturing jobs in high-productivity businesses. Those new jobs will contribute to the creation of thousands of service sector jobs and they will stimulate local economies.”
All of this in addition to:
— Record low unemployment for blacks
— Record low unemployment for Hispanics
— Record employment for American youths
— Full employment for the entire country
This is Trump’s and the Republican majority’s economy, not Obama’s and the Democrats.