If you can peel back the top layer, and get below the tweets and non-stop negative media coverage, you will find a mostly successful first year of President Trump’s administration. His signature legislation, a massive corporate tax cut, is already making its mark on the way American corporations are doing business. Employees are getting raises, companies are repatriating money to invest in America, and foreign companies are building their plants and factories in the U.S. The Wall Street Journal’s Ted Mann explains how President Trump’s actions (not words) have done a lot for the business community in the U.S. He writes:
In pure policy terms, however, business groups and executives say the $1.5 trillion of corporate-focused tax changes and the bevy of completed and proposed rule changes aimed at cutting regulatory burdens on business have made 2017 a net success for business.
“If Hillary [Clinton] had been elected, we would have had more regulation and higher taxes,” said Byron Wien, an executive at Blackstone Group L.P. , on a recent investor call. “Trump was elected; we have less regulation and lower taxes.”