This phrase often refers to the period of economic expansion experienced by the United States during the presidency of Donald Trump. Proponents point to factors such as increased GDP growth, historically low unemployment rates, particularly among minority groups, and a rise in the stock market as key indicators of this economic success. For example, proponents cite the Tax Cuts and Jobs Act of 2017 as a catalyst for business investment and job creation.
The significance of this period lies in the tangible improvements experienced by many American workers and businesses. Lower taxes, coupled with deregulation efforts, are often credited with fostering a more favorable environment for economic activity. Furthermore, the reduction in unemployment provided opportunities for individuals previously excluded from the workforce, leading to greater financial stability for many families. Examining this period necessitates considering both the short-term gains and the potential long-term impacts of the policies implemented.
