Remember when Hillary Clinton predicted Trump’s tax plan would kill 3.5 million jobs?.
Here’s a refresher if you don’t. let’s take a ride back to during the third presidential debate of the 2016 election.
Around the 2:25 mark in the video below Hillary says:
“By contrast, Donald’s plan has been analyzed to conclude it might lose 3.5 million jobs,” Clinton said.
“Why? Because his whole plan is to cut taxes, to give the biggest tax breaks ever to the wealthy and to corporations, adding $20 trillion to our debt, and causing the kind of dislocation that we have seen before, because it truly will be trickle-down economics on steroids,” she continued.
“So the plan I have I think will actually produce greater opportunities. The plan he has will cost us jobs and possibly lead to another Great Recession,” Clinton added.
Hillary Clinton’s prediction thatTrump’s economic policies would result in 3.5 million jobs lost has been proven dead wrong by a recent projection by the Congressional Budget Office suggesting that job creation would actually be about 2.6 million more than the initial projections issued in 2017.
On top of that, a CNBC report in April of this year revealed that more than 3 million new jobs have already been created in the U.S. economy since President Trump took office, the opposite of what Hillary Clinton had predicted.
Also, the massive tax cuts President Trump signed into law have had a positive effect on far more than just the wealthy and corporations — one need only ask the tens of thousands of workers who received so-called “crumbs” in the form of large bonuses from the businesses that employ them, proving that the tax cuts did in fact “trickle down.”
A report from The Washington Post shows that the recent jobs report has fueled speculation among top analysts that the unemployment rate will continue to fall throughout the rest of 2018, potentially to a low level of 3.5 percent, the lowest rate since 1969.
As new jobs are continued to be added and unemployment numbers are rapidly dropping, wages are beginning to rise as well — something not seen for quite a whiles — at an astonishing rate of 2.7 percent over this time last year.
Hillary Clinton’s apocalyptic view of Trump’s economy is clearly way off the mark.
As reported by the Western Journal the Atlanta Federal Reserve Bank has just increased their projection of Gross Domestic Product growth rate for the second quarter of 2018 from 4.7 to 4.8 percent, a key economic metric that indicates the underlying strength of the U.S. economy.
So despite Clinton’s prediction, the U.S. economy is booming, all due to the fact that President Trump actually kept his campaign promises of cutting taxes on corporations and individuals and rolling back regulations that stifled economic growth.
Just like so many things Clinton likes to loosely throw out there as fact, she was dead wrong in her predictions of what President Trump’s economic policies would ’cause.’
And more and more American workers are benefiting from Trump’s plan each and every payday.