The Tax Bill: One Month Later
It has now been over a month since the Trump Tax Bill was passed into law.
It’s too early to determine if the Bill will have wide spread success for the average American. However, I think there are some indications that it’s working through corporations and businesses.
Over the past month, many different U.S. companies have used the tax cuts to their advantage.
For example, tech giant Apple have pledged to use the money that they will get back from the Tax Bill to invest back in the United States economy.
The CEO of Apple, Tim Cook, announced that Apple would pledge $30 billion dollars to invest in their American operations. This will lead to 20,000 new jobs within their company.
This is a big deal.
Such a big deal that when the plan was announced, President Trump took the time to call Tim Cook personally to thank him for his efforts.
This isn’t all though, companies all across the United States have pledged to create more jobs, give out bonuses, and even give back to charities and environmental agencies.
It feels like the Bill has given America a shot of energy. A shot of energy that has been much needed.
The biggest indicator of this is the boost our economy has seen. Stock Markets are at an all time high, the unemployment rate is decreasing, and the American people are getting more money back in their pockets.
Over the next couple of years, it will be crucial to monitor how this all plays out and how the Bill holds up as society changes and the demands of the American people get stronger and stronger.