Trump’s policies will make the middle class wealthy

With faster growth, hundreds of thousands of new jobs, cheap energy, low inflation, and an under-valued stock market, the middle class will build new wealth.

President Trump is implementing his economic agenda for the country. He wants continued low taxes, deregulation, inexpensive energy and a strong manufacturing base. He is advancing his agenda as quickly as possible. Mostly the signs are positive, except for his tariff policy. His recent tariff actions have caused the stock market to lose about 15% of its value. That certainly is not making anyone wealthier.

The Senate passed an extension to the tax cuts originally passed in 2017. The hope is that the House of Representatives also passes this legislation which Trump will quickly sign into law, keeping tax rates low.

Those who oppose the extension of the tax cuts, and opposed the initial passage, say that these cuts are simply a tax cut for the wealthy and do nothing to help the middle or lower classes. The reality is that this tax cut treated nearly all taxpayers the same.

In 2017 Trump said he wanted to pass tax relief that was fair. So, he cut tax rates for all taxpayers by 10%. Except for those who lost their State and Local tax deduction, every taxpayer paid 10% less. That seems fair to me.