On the recordMarch 6, 2018
ever since President Trump signed the Tax Cuts and Jobs Act on December 22, we have seen how one law can literally transform the economic landscape across the country. The New York Times has reported that there is a wave of optimism surging among job creators. Let me just footnote that the New York Times was certainly a skeptic as to what the impact of the Tax Cuts and Jobs Act would be, but they now report that a wave of optimism is surging among job creators. Since January 2017, 2.3 million jobs have been added in the United States, and unemployment is at a 17-year low. U.S. weekly jobless claims are at their lowest since 1969. Many people who thought that stagnant growth and flat wages were the new normal have been surprised--and maybe a better word is ``gratified''--to see what the impact of this policy has been on their take-home pay, on their confidence in their future, and on investments and new jobs. It is pretty exciting. In 2017, average unemployment rates decreased in 32 States according to the Bureau of Labor Statistics. Mr. President, 186,000 manufacturing jobs have been added over the last 12 months. I know the President and all of us are concerned about manufacturing moving offshore because the cost of doing business in some places around the world is much lower than it is in the United States, but we should all be excited about the fact that 186,000 manufacturing jobs have been added in the last 12 months.…
Source
govinfo.gov




