Mike Solon: “Tax Cuts Bust Secular Stagnation”
“Are low taxes key to a booming economy? Their success is harder than ever to deny after Friday’s report that the U.S. economy grew 4.1% in the second quarter,” Mike Solon writes in The Wall Street Journal.
“This explosive growth . . . should finally discredit three popular claims made by opponents of the president’s policies: that tax cuts would blow a hole in the deficit, that corporate tax cuts would serve only rich investors, and that secular stagnation was a valid excuse for the slow growth of the Obama era.”
“The media and other Trump haters can’t seem to let themselves admit it, but Donald Trump scored a big victory for the American economy on trade last week,” Stephen Moore writes in CBN News. President Trump and the European Union “agreed to shoot for zero tariffs on both sides of the Atlantic. Sounds like freer and fairer trade to me.”
“Gone are the days of America’s crippling dependence on foreign energy sources. True energy independence is finally within our grasp and we are exporting more of our energy to our allies,” Energy Secretary Rick Perry writes in CNBC.
The New York Post editorial board writes that the Trump Administration, led by Advisor to the President Ivanka Trump, is getting ahead of the next jobs crisis. “After years with millions out of work under President Barack Obama, America now faces a new woe: Firms can’t find enough workers to fill their vacant slots. . . Which is why the executive order President Trump signed this month focusing on the problem is so welcome.”
“President Trump didn’t start a trade war with China – he’s trying to end and win the trade war that China launched against the U.S.,” writes Andy Puzder, former CEO of CKE Restaurants, in Fox News. “We finally have a president willing to take the actions necessary to put a stop to Chinese cheating and to protect America’s national interests.”
In The Detroit News, Housing and Urban Development Secretary Ben Carson writes that his department is proud to stand with Flint, Michigan, as its citizens transform their community. “Local leaders, local residents and local stakeholders came together to reimagine these new neighborhoods and now, with HUD’s help, they are on the verge of putting shovels into the ground to make this plan a reality,” Secretary Carson explains.