U.S. fourth-quarter gross domestic product growth is nearing 4 percent and the unemployment rate remains at a nearly 17-year low with 228,000 jobs added last month.
Those numbers have hardly registered in the top headlines about President Trump. Instead of learning about the current tangible financial prosperity the White House is helping fuel, Americans are more likely to hear about Trump’s tweets, followed by self-righteous television commentary or the latest celebrity to attack the president—most recently, Christian Bale.
Bale, famous for his portrayal of Batman in the Christopher Nolan installments, said in a recent interview America now “seethes with hatred and division,” and Trump has negatively affected citizens’ attitudes toward people of different opinions and immigrants. Bale added he’s grown ashamed of what it’s become.
Okay, just what has it become? Contrary to Bale’s statements, which most of Hollywood and the media echo consistently, there happens to be a tremendous amount of unity in a booming economy. The CNBC All-American Economic Survey found that for the first time in at least 11 years more than half of respondents rated the economy as good or excellent. In addition, a nearly unprecedented amount of respondents, 41 percent, envision the economy improving next year.
Even among black Americans—a demographic Trump doesn’t perform well with—the unemployment rate is the lowest it’s been in 17 years, according to the Bureau of Labor Statistics. The same people whom rail on Trump for every perceived social justice slight fail to recognize the financial prosperity this administration has ushered in for minority groups.
Not only is the economy doing well, tax reform has officially passed the House and Senate. Like him or not, Trump is the president to actually overhaul taxes in this country, something his Republican predecessors have long wanted to accomplish. Trump is the one who will sign on the dotted line for the Tax Cuts and Jobs Act crafted between Republicans in the House and Senate.
This legislation will permanently cut the corporate tax rate to 21 percent from 35 percent. That is designed to make American businesses more competitive overseas—one of the platforms Trump ran his campaign on in 2016.
But what happens to the middle-class? After all, that’s the group most talked about in regards to the bill. The nonpartisan Tax Policy Center found those earning $49,000 to $86,000 in 2018 will see an average tax cut of $930. Families earning $86,00 to $149,000 will receive even more, with an average reduction of just over $1,800.
Critics of the legislation, including several Republican members, rightfully pointed out the reform is projected to add a massive $1.5 trillion to the national debt. Additionally, while the national economy is prospering, rustbelt states that voted for Trump and played a deciding electoral role, like Michigan and Pennsylvania, are slumping. In the long run, these issues could come back to haunt the GOP.
But for now, in just one year, Trump has presided over a significant legislative overhaul and, despite three natural disaster hurricanes, has managed to oversee a growing economy. So don’t pay attention to Bale, or any leftist celebrity like LeBron James, who donned black and white shoes that read “equality” as a statement to Trump. The equality we should focus on is leveling the federal burden on middle-class incomes, and the only Hollywood words worth listening to right now lie in the famous Jerry Maguire quote, “Show me the money.”
Trump and a Republican-led Congress are showing Americans the money. The economy is historically great, after eight years of doldrums. Taxes will soon be slashed. Now, let’s actually see the appropriate amount of media coverage and start talking about it at the holiday dinner table—because with tax reform, it will be a Merry Christmas, indeed.