Economy & Small Business
Just over two years ago, President Donald Trump signed the Tax Cuts and Jobs Act into law. Since then, Americans are not only getting to keep more of their hard-earned money as promised, but the economy is clearly booming as a result of the president's continual focus on pro-growth policies. Indeed, there are numerous signs that the country is better off and that the best is still ahead.
Once again, Congress is quickly approaching another critical deadline related to government funding. At this time last year when Republicans controlled both chambers of Congress, more than 75 percent of annual funding had already been signed into law in record time before the start of the fiscal year.
President Donald Trump and Japan's Prime Minister Shinzo Abe recently announced that our two countries finalized a limited trade agreement, and I am encouraged that it was formally signed by both countries this week. While I was participating in a congressional delegation trip to Japan and other Pacific Rim nations in August, we were told that a deal would likely be agreed to soon.
The economic success that America has experienced lately is truly historic. Even with unemployment as low as 3.7 percent, Congress has an opportunity to further improve the nation's economy and create more jobs by advancing the United States-Mexico-Canada Agreement (USMCA), which would replace the outdated North American Free Trade Agreement (NAFTA).