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Tags: paychecks | economy | maga

Bigger Paychecks, Bigger Economy Make America Great Again

Bigger Paychecks, Bigger Economy Make America Great Again
President Donald Trump delivers remarks at Sheffer Corporation to promote his tax policy, Monday, Feb. 5, 2018, in Blue Ash, Ohio. (AP Photo/Evan Vucci)

By    |   Tuesday, 06 February 2018 11:44 AM EST

Last week, Americans across the country saw their paychecks were a little bigger than expected thanks to the Tax Cuts and Jobs Act. The U.S. Treasury estimates that 90 percent of Americans who receive a paycheck will see more take-home money in each paycheck.

This was true for every single one of my employees.

I received an email from my CFO Bob Williams that read, "Richard, the paychecks came in today. Everybody received a $17 to $50 increase in their paychecks due to the tax cuts. I can’t tell you how happy everybody was! They tried to thank me, but I said thank President Trump!"

While $17-$50 isn’t a massive increase, it surely is enough to make a difference. For example, one of my employees said the increase would cover his subscription services costs, such as Netflix and Amazon Prime. Another said he would use the extra money to help his daughter through nursing school. And yet another said she’s going to use it to buy her grandson swimming lessons, and another said they were going out for a steak dinner. Certainly not the crumbs that some political elites have been suggesting.

So my question is this: how many small businesses are better off under the Tax Cuts and Jobs Act?

There’s been plenty of coverage about large corporations increasing the wages of their workers or offering them bonuses, but there has been significantly less coverage about how employees of small businesses have benefited. The morale boost around the office has been nice, and surely it will continue, as it will be more money every paycheck. I would like to see a survey of small businesses to see how the tax cuts have impacted business operations and their employees’ morale.

Overall, the atmosphere in the office is indicative of the atmosphere in the United States of America’s economy in general: that things are looking up, and more people are excited than ever for the success of our country’s economy. Billions of dollars are pouring back into the domestic economy, we’ve heard company after company announcing plans to open up new factories, and the incentive to work hard in America is back. So on behalf of everyone who is seeing larger pay-checks, thank you, Mr. President, you are Making America Great Again.

Richard S. Bernstein, CEO of Richard S. Bernstein & Associates, Inc., West Palm Beach, is an insurance advisor for high net worth business leaders, families, businesses, municipalities, and charitable organizations. An insurance advisor to many of America’s wealthiest families, he is a writer, trusted local and national media resource and expert speaker on estate planning and health insurance. Visit his website at www.rbernstein.com. To read more of his reports — Click Here Now.

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RichardSBernstein
Last week, Americans across the country saw their paychecks were a little bigger than expected thanks to the Tax Cuts and Jobs Act. The U.S. Treasury estimates that 90 percent of Americans who receive a paycheck will see more take-home money in each paycheck.
paychecks, economy, maga
453
2018-44-06
Tuesday, 06 February 2018 11:44 AM
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