The latest report from the Census Bureau on income and poverty shows that President Trump’s pro-growth economic agenda brought the pre-pandemic economy to soaring new heights. Not only did we see significant decreases in poverty, but median household income rose to a historic high in 2019 before states instituted sweeping lockdowns that put millions of people out of work and on to the government’s payroll.
That meant more families with the financial freedom to put their kids through school, pay off the new car, and spring for a memorable vacation. That meant fewer families living paycheck to paycheck. Such incredible economic success is a direct result of the Trump administration’s unique combination of tax cuts and deregulation. If we are to continue our quick recovery from the economic windfall of COVID-19, we will need to continue supporting the Trump administration in its efforts to cut red tape.
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