Trump’s Tax Cuts Push US Manufacturing Optimism to All-Time Record High

June 21, 2018Jun 21, 2018

A new survey from the National Association of Manufacturers (NAM) discovered that 95.1% of manufacturers have a “positive outlook” about the future of their company.

The survey was first introduced in the fourth quarter of 1997 and the survey has never seen rates this high in its entire history.

The reason for high optimism is the booming economy thanks to the Trump administration’s Tax Cuts and Jobs Act which has increased wages, hiring, and capital investments.

Trump’s red tape-cutting policies have also helped spur growth with a further savings of $122 billion saved from Obama administration.

Over the past six quarters, the poll has had an average optimism of 92.6 percent. Manufacturers have promised to create more jobs and hire more workers which will put more money into the pockets of workers.

“Our economy is perhaps better than it has ever been,” said President Trump on Twitter. “Companies doing really well, and moving back to America, and jobs numbers are the best in 44 years.”

Mirroring the optimism of manufacturers, the American public’s optimism is also climbing rapidly.

According to a survey by Gallup News, Americans’ satisfaction with the way things are going in the country has reached a high of 38%, the highest its been in 12 years.

Next: White House: ‘China Has A Lot More To Lose’ In A Trade WarJun 20, 2018