“On Thursday, the Dow broke 24,000 for the first time in history on the news that the GOP tax reform plan may soon become law.”
Economy showing major progress under President Donald Trump
Editorial
Las Vegas Review-Journal
December 2, 2017
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On Thursday, the Dow broke 24,000 for the first time in history on the news that the GOP tax reform plan may soon become law. The index is up more than 20 percent in 2017.
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Meanwhile, the Commerce Department revealed Wednesday that the GDP expanded at a 3.3 percent rate in the third quarter after being adjusted for seasonal factors and inflation. That’s the first time since 2007 that quarterly economic output exceeded the Congressional Budget Office’s estimate of its “maximum sustainable level,” the Wall Street Journal reported last week.
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At the very least, the president’s emphasis on regulatory relief and tax reform, along with his understanding that private sector is the engine that drives prosperity, have helped create the optimism currently imbuing consumers and businesses.
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