Household Incomes at Record High

[EmpressJosephine]

Hello racist! I notice you didn't bother to provide any evidence or argument, just like dawn does. I wonder if you two are the same person. After all "she" has been caught lying about being a girl on the internet.

Wow. You've totally lost your mind, and all of your credibility.

I know both Dawn and Princeps from outside of Literotica. I can assure you that they are not the same person and that both are the genders they portray here.

If you are that desperate as to make such an absurd claim, you must have no arguments to support your points.

 

[DawnODay]

Given the choice between keeping taxes high and allowing families to keep more of their money, Republicans chose—and continue to choose—the American people. Empowering families to run their own lives is at the heart of the American Dream. It’s the key to our nation’s economic success, and it’s the reason that, six months into tax reform, Americans are more hopeful about their future.​

K. Brady, Six Months After Tax Reform, Something Big Is Happening: The economy is back in the fast lane—but Democrats want to undo it all, WSJ (Jun. 21, 2018).

 

[DawnODay]

When Republicans passed the Tax Cuts and Jobs Act in December, congressional Democrats denounced the legislation as a reckless attempt to help wealthy corporations at the expense of everyone else. House Minority Leader Nancy Pelosi, D-Calif., famously dismissed the law’s benefits to most taxpayers as “crumbs.”

Six months later, many of the groups Pelosi and other Democrats warned would be worse off as a result of the tax reform legislation — including minorities, women, and small businesses — are not only thriving, they are experiencing some of the most notable economic growth in the country's history....

Tax reform has improved other aspects of the economy as well. BLS reports wage growth for the first quarter of 2018 was greater than at any time since the recession of 2008....

As difficult as it may be for Pelosi and other advocates of higher taxes and more government control to admit, the successes of the Republican tax reform legislation clearly illustrate that when people are empowered to keep more of their own money, everyone in society benefits.​

J. Haskins, Six months in, tax cuts are already providing historic gains for minorities, women, and small businesses, Washington Examiner (Jul. 3, 2018)(emphasis added).

 

[DawnODay]

The United States created 201,000 new jobs in August, keeping the unemployment rate at an 18-year low and generating the fastest increase in worker pay since the end of the Great Recession... the yearly rate of pay increases climbed to 2.9% from 2.7%, marking the highest level since June 2009.​

J. Bartash, U.S. adds 201,000 jobs as worker wages accelerate to nine-year high, Marketwatch (Sep. 7, 2018) (emphasis added).

• Median household income in the United States in 2017 was $61,372, an increase in real terms of 1.8 percent from the 2016 median income of $60,309. This is the third consecutive annual increase in median household income.
  
• The 2017 real median income of family households increased 1.4 percent from 2016 to $77,713. Real median income for married-couple households increased 1.6 percent between 2016 and 2017.

Press Release, Income, Poverty and Health Insurance Coverage in the United States: 2017, CB18-144, US Census Bureau (Sep. 12, 2018).

It appears these trends will continue.

The number of job openings in the U.S. climbed to a record 6.94 million in July in a clear sign that a booming economy is entering the second half of the year with a big dollop of momentum....

The U.S. economy is booming. Growth surged in the spring and has carried through summer. Unemployment is uber-low at 3.9%, layoffs are at a 50-year low and small-business owners say they are more optimistic about the economy than ever.

Some workers are taking advantage of the strong economy and tight labor market by switching jobs in search of better pay. As a result, companies are offering more attractive pay and benefits to lure new workers or to retain old ones.​

J. Bartash, U.S. job openings climb to record 6.9 million, Marketwatch (Sep. 11, 2018).

U.S. small business optimism surged to a record in August as the tax cuts and deregulation efforts of President Donald Trump and the Republican-led Congress led to more sales, hiring and investment, according to a survey by the National Federation of Independent Business....

"Today's groundbreaking numbers are demonstrative of what I'm hearing everyday from small business owners – that business is booming," said NFIB President and CEO Juanita D. Duggan, in a press release Tuesday. "As the tax and regulatory landscape changed, so did small business expectations and plans."​

J. Melloy, Small business optimism surges to highest level ever, topping previous record under Reagan, CNBC (Sep. 11, 2018).