the WHITE HOUSEPresident Donald J. Trump

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West Wing Reads for 11/4/17

Summary: 
Each day we round up the best stories the West Wing is reading and share them with you.

West Wing Reads

“IT'S TAX CUTS, IT'S TAX REFORM… WE'RE GOING TO HAVE TREMENDOUS NUMBERS OF JOBS POURING IN.”

- President Donald J. Trump

It has been an incredible week for the American economy: a strong jobs report, the introduction of The Tax Cuts and Jobs Act, an impeccably-qualified nominee for Fed Chair, and the announcement of a major corporation’s move to the United States. Since President Trump took office over 1.5 million new jobs have been created.

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Newt Gingrich writes that GDP growth has been driven by the Trump Administration's "aggressive deregulatory efforts, its America first position on trade," and that "serious tax cuts will be the key to sustaining 3 percent economic growth - or higher - for years to come."
Click here to read more.

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For more on tax reform, the New York Post editorial board writes the House Republicans tax-cut plan “meets the nation’s needs” and “offers the relief for business and the middle class needed to get the economy roaring.”

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In economic news, Harriet Torry and David Harrison of the Wall Street Journal report the unemployment rate is at 4.1%, “its lowest level since December 2000,” and below the 4.2% that economists predicted.

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Yahoo! News reports the "vital and booming US services sector saw record growth in October, and the data point to continued strength in the months ahead," according to the Institute for Supply Management's non-manufacturing index.

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In a Washington Examiner opinion piece, Charlie Kirk writes about the “unique and growing role” the millennial generation will play in the economy as they “will make up an estimated three-quarters of the U.S. and global workforce in less than a decade.” President Trump and Republicans in Congress are working together to foster a stronger economy that allows millennials to “work, live, invest, and save” by empowering businesses to invest in American jobs through a slashing of the corporate tax rate.

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In an interview with The Daily Signal, Kevin Hassett, chairman of President Trump’s Council of Economic Advisers, says that the Trump Administration is committed to the "three main non-negotiable objectives for this tax bill. There needs to be a big tax cut for the middle class. There needs to be a corporate tax rate that goes down to 20 percent and makes our country competitive again. And it needs to be a lot simpler..."

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The Washington Post gave four Pinocchios to Democrats spreading false claims on the GOP tax plan that “families making less than $86,100 on average will face a hefty tax hike” when the truth was the opposite.