Economic growth has been significantly stronger than last year and has really spiked—up 4.1 percent in the last quarter.
Some say that the tax cuts had nothing to do with the growth spurt. But the fact that growth slowed before the tax cut kicked in, and sped up after it kicked in shows that the tax cuts were the drivers.
In addition, a new report indicates that average Americans have gotten a 5.4 percent increase in disposable income. That’s partly because of the pay increase and partly because of the tax cut.
But it’s entirely good news.
When you consider the low unemployment numbers and the growth in capital spending, there’s substantive evidence that the decade of stagnation may be over.