ALFREDO ORTIZ: Trump On Verge Of Notching Huge Win For America — Just In Time For Its Birthday

Happy Birthday, America! Just in time for the Fourth of July, the nation is on the cusp of passing historic tax cuts that will usher in a new economic Golden Age.

Tax cuts now mean more jobs tomorrow. In fact, Friday’s jobs report defied expectations, showing that small businesses are already beginning to expand and hire in anticipation of the passage of tax cuts.

The economy created 147,000 jobs last month, well above expectations, and the unemployment rate fell to 4.1%. Federal government employment fell again, and previous months’ job numbers were revised up, stark changes from the Biden administration’s record.

The combination of the historic tax cuts, low inflation, upcoming (yet belated) Federal Reserve rate cuts, and massive deregulation will usher in a booming jobs market led by Main Street employers. According to Job Creators Network polling, 70% of small businesses plan to hire, expand, raise wages, or reinvest in their communities when the tax cuts pass.

The media is failing in its job to explain the key pro-growth elements in the law, preferring to go with Democrat spin. Here’s what’s to remember: The bill makes the TCJA permanent, locking in lower rates, a doubled standard deduction, and a 20% small business deduction used by 26 million job creators to write off one-fifth of their income.

Without congressional action, these tax cuts would have expired at the end of the year, resulting in a $4.5 trillion tax hike that would have increased average American taxes by 22%