McCarthy: America’s Comeback Starts Now
Economic Recovery
Council of Economic Advisers Chairman: Tax Cuts Could Increase Median Wage By About $4,000
Kevin Hassett, the chairman of the Council of Economic Advisers, says a tax cut like the one President Trump is proposing could potentially lift wages by about $4,000.
Personal Income in Majority of States Grew In First Quarter of 2017
In 42 states, personal income grew from the past year, even after adjusting for inflation, according to a report from Pew Charitable Trusts.
Report: Majority of Guatemalan Migrants Come to U.S. for Better Economic Opportunities
A majority of Guatemalans who migrate to the United States—91.1 percent—are seeking better economic opportunities, according to a study from the International Organization for Migration.
President Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth
President Donald Trump’s proposed budget for 2018 would reduce the deficit over the next decade by $160 billion and increase GDP at the same time, according to an analysis from the Congressional Budget Office.
Number of Job Openings Hits Record-High at 6 Million
The number of job openings for workers hit a record-high of 6,044,000 in April, according to data from the Bureau of Labor Statistics.
Global Economic Growth Will Increase to 2.7% This Year
Global economic growth is projected to hit 2.7 percent this year because of an increase in manufacturing and trade, higher confidence in the economy, commodity prices that have stabilized, and more positive financing conditions, according to a report from the World Bank.
Mulvaney Slams Liberals Who Doubt U.S. Can Achieve 3 Percent Economic Growth
Majority of Businesses Say Obamacare Mandate, Minimum Wage Hikes, Regulations Threaten Expansion
57 percent of business owners believe Trump's policies will have a positive effect on their business
The majority of small businesses—55 percent—say that progressive policies like the Obamacare mandate, minimum wage hikes, and regulation threaten expansion of their business, according to the 2017 small business survey from the Job Creators Network.
More Than Half of U.S. Households Suffered Hardship From a Financial Shock in 2015
More than half of U.S. households—53 percent—had hardship experiencing a financial shock in 2015, according to a report from Pew Charitable Trusts.
