Nancy Pelosi referred to the benefits of President Donald Trump’s tax cuts as “crumbs.”
And Trump’s enemies refused to acknowledge that his tax reform would aid the middle class.
But guess what? They were ALL wrong.
MAJOR businesses across the country are absolutely THRILLED with Trump’s tax reform… and benefits are trickling down to the wallets of hard-working Americans.
Need proof? Just take a look at some of these financial figures.
Earlier this year, Apple announced it would invest $350 billion into the U.S. economy over the next five years, crediting the Trump tax plan as a catalyst. The tech giant estimates that its investment will result in 20,000 new jobs.
As first reported by The Blaze, Apple also just bought back $23.5 billion of its own stock in a record program that left its shareholders flush with cash.
The company is clearly a big winner from the tax reform bill. And Apple plans to continue its stock buyback program as well as to invest in a new Apple campus that will create more jobs.
“There are two parts of tax bill, there’s a corporate piece and an individual piece,” said Apple CEO Tim Cook. “I do believe the corporate tax side will result in job creation and a faster growing economy.”
But it doesn’t stop there.
According to one Fortune 250 corporate executive, because of Trump’s economic measures, the ‘bottom line’ or net profits for many companies could result in one of the best first quarters ever.
And that prediction seems to be coming true!
According to data from MarketWatch, first quarter earnings from major corporations are the best in nearly 25 years.
According to Thomson Reuters, of the S&P 500 members that have reported earnings to date, 79.9% have reported earnings per share that were ABOVE analysts’ expectations… putting them on track for the highest earnings beat rate on record (spanning back to 1994).
And this isn’t just a short-term win.
Last month, the Congressional Budget Office (CBO) projected that there will be 156.8 million jobs by the end of 2027, which is 2.6 million more jobs than it projected in its June 2017 Budget and Economic Outlook.
Additionally, CBO credits the average of 1.1 million additional jobs over the next 10 years to Trump’s tax reform.
Of course, the media is ignoring these developments… and Trump’s enemies continue to bemoan the tax cuts.
But as more numbers continue to roll in, expect more businesses to finally give Trump the credit he deserves!