Conservative policies are best for working families. Ambassador Haley made that clear in her RNC speech on Monday: “Before Communist China gave us COVID-19, we were breaking economic records left and right.”
Before the pandemic hit, the last four years saw a strong economy across the
board. Historic tax
cuts, record red
tape slashing, and unleashing American energy — the combination of
common-sense policies created an economy that worked for everyone.
- Jobs.
The national unemployment rate hit a 50-year low. Women’s
unemployment hit a 67-year low. For Hispanics and African
Americans, unemployment reached their lowest levels in history. People of all
backgrounds were climbing the ladder of opportunity.
- Wages.
Workers of all kinds saw their incomes rise at the fastest rate in a decade. Lower-income workers
saw the largest wage gains, with paychecks for the
bottom 10% growing more than twice as fast as they did in Obama’s second term.
- Tax relief.
The tax cuts of 2017 put more money in the pockets of hard-working Americans.
Some of the biggest relief went to low- and middle-income families
— those earning between $25,000 and $100,000. Millions got bonuses and wage
hikes, too.
- Stocks. The
markets hit record highs, creating trillions of dollars in
new wealth for retirees, pension plan holders, and middle-class families that
scraped together the money to invest.
The economic boom was felt in every corner of America. Manufacturers made new investments, the nation’s small businesses saw record optimism, and more. Families and workers have seen remarkable benefits, making communities and the country better off.
On Monday, Amb. Haley said: “The pandemic has set us back, but not for long.” Conservative policies brought the economy back before. They can bring it back again.
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