Alfredo Ortiz: Hispanics Flourishing in Trump Economy
“President Trump's economy is the rising tide that is lifting all boats. This is especially true for Hispanics, who were among the biggest victims of the low-growth, high-regulation economy under President Obama,” Job Creators Network CEO Alfredo Ortiz writes in The Hill.
“Last week, the Census Bureau announced new household income numbers, which showed that median income for Hispanic households grew by 3.7 percent, adjusted for inflation, last year. That’s more than double the increase seen by all households . . . That’s welcome news as the nation celebrates Hispanic Heritage Month.”
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“U.S. President Donald Trump welcomed developments on Wednesday at an inter-Korean summit in the North Korean capital of Pyongyang as ‘very exciting,’” Reuters reports. “Kim Jong Un has agreed to allow nuclear inspections, subject to final negotiations, and to permanently dismantle a test site and launch pad in the presence of international experts,” the President wrote on Twitter.
“Biological threats emanate from many sources, and they know no borders,” President Trump said in a statement yesterday as his Administration released its National Biodefense Strategy. “They have great potential to disrupt the economy, exact a toll on human life, and tear at the very fabric of society.” The President has tasked Health and Human Services Secretary Alex Azar with leading the Federal review, Tom Howell, Jr. reports for The Washington Times.
“A top economic adviser to President Ronald Reagan said Tuesday that President Barack Obama deserves no credit for the booming U.S. economy, and said all of the credit belongs to President Trump,” Pete Kasperowicz writes in the Washington Examiner. On Fox News, renowned economist Art Laffer, who served on Reagan's Economic Policy Advisory Board, “credited the tax cut and Trump's push to deregulate parts of the U.S. economy for the explosive growth.”
In The Wall Street Journal, Stephen Moore writes that the recent business tax cut is effectively paying for itself because of faster-than-expected growth. “Corporate tax revenues are down this year, but receipts from nearly every other tax source are rising at the federal and state levels. The higher growth this year alone will give states and cities almost $20 billion in windfall revenue,” Moore says.
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