Dow Surpasses 23,000, Poverty Level Drops as Americans Get Back to Work
The Dow Jones Industrial Average closed above 23,000 yesterday for the first time in history, signaling a strong economy and perhaps the optimistic feelings from both corporations and consumers regarding President Donald Trump’s business-centered agenda.
According to LifeZette.com, Trump spoke Tuesday night at the Heritage Foundation, where he said impending tax reform would mean “bigger paychecks, more jobs and stronger growth.”
“Our tax plan will ensure that companies stay in America, grow in America and hire in America,” Trump continued. “At the heart of our plan is a tax cut for everyday working Americans.”
Similarly, financial expert and nationally syndicated host Dan Celia has been communicating the importance of tax reform and the impact it will have on Americans and small business owners. On a recent “Financial Issues” program, which airs for three hours on about 640 radio stations around the country, Celia said that the Dow figures weren’t the only good economic news this week.
“The poverty rate is the lowest it’s been in 15 years,” he said on the show. “The number of people on food stamps has also declined to the lowest number in 10 years. Youth unemployment from the ages of 16 to 25 in the inner cities was at all-time high records, but this week is approaching an all-time low. For years, youth could not get a job, now with a strong economy and pro-growth policies, more of them can. I make the argument all the time that not every person who is collecting food stamps or on some sort of welfare or are unemployed want that for their life. I would venture to say that 97½ percent of them don’t want that. Now that they can get a job, they’re going back to work. That is what will help America continue on this positive trajectory of a strong economy. And once the Trump administration makes good on its commitment to tax reform, middle-class Americans will be able to keep more money in their pockets, provide better for their families and improve their lives across the board.”
Celia leads Financial Issues Stewardship Ministries (FISM, financialissues.org) and focuses on important economic news and biblical investing during “Financial Issues,” which is also seen nationwide on NRBTV, which reaches 45 million households.
