Question

in late 2017, the trump administration reduced corporate and small business taxes from 35 percent on profits down to 21 percent. they also got rid of dozens of unnecessary federal government regulations on business. (everything said up to this point is true). what happened to the economy during 2018 and 2019?

Answer 1

During 2018 and 2019. U.S. economy growth rate  was 2.29% for 2019, a 0.63% decline from 2018. U.S. economy growth rate for 2018 was 2.92%, a 0.66% increase from 2017.

Due to the reduced economy, many people are losing their jobs and businesses are struggling. This is causing a lot of financial stress for families and individuals. The reduced economy is also causing a reduction in spending, which is harming businesses even more.

The U.S. economy is the largest in the world, with a GDP of over $17 trillion. It is fueled by a highly productive workforce and a high level of innovation. The U.S. is also a major exporter of goods and services, and has a large trade surplus.

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