“Since we passed tax cuts, roughly 3 million workers have already gotten tax-cut bonuses – many of them thousands of dollars per worker,” President Trump said Tuesday in his State of the Union address.
The number of workers appears to be correct, but most are not getting thousands of dollars apiece.
The conservative Americans for Tax Reform has kept a running list of announcements by businesses of bonuses or raises they have given to their employees because of the tax cuts.
“Something I’m very proud of: African American unemployment stands at the lowest rate ever recorded. And Hispanic American unemployment has also reached the lowest levels in history,” President Trump said Tuesday.
He’s right on black unemployment but not quite right on the rate for Latinos.
The Bureau of Labor Statistics reported last month that the unemployment rate for blacks dropped to 6.8% in December, the lowest since the government began tracking the figure in 1972.
The tax cuts enacted last month are not the biggest in American history, despite what President Trump said in his State of the Union address Tuesday.
“Just as I promised the American people from this podium 11 months ago, we enacted the biggest tax cuts and reform in American history,” Trump said.
The nonpartisan Committee for a Responsible Federal Budget estimated in October that the tax cuts as a percentage of total economic output — also known as gross domestic product — would be the 12th largest since 1918.
Jan. 30, 2018, 6:18 p.m.
The state of our union is strong, because our people are strong.
President Trump, in his first State of the Union address
President Trump claimed his immigration clampdown will protect American workers because U.S. policies “have allowed millions of low-wage workers to compete for jobs and wages against the poorest Americans.”
It’s a long-standing argument by groups advocating for a slowdown in legal immigration.
But economic studies have questioned that premise, instead finding that the influx of people and workers instead provides an overall lift to the economy.