The U.S. Bureau of Labor Statistics reported Friday that employers added a robust 200,000 jobs in January, although the unemployment rate remained unchanged at 4.1 percent despite a boost from the passage of a tax cut law at the end of the year.
Oilmen, wildcatters and particularly refiners are reaping billions in gains from President Donald Trump’s tax overhaul, helping boost the staying power of old-style energy even as the world searches for cleaner fuels.
President Donald Trump will promote the economic benefits of Republican tax cuts and ask the Senate to pass his proposed immigration overhaul at the congressional GOP retreat Thursday, amplifying themes from his State of the Union address.
The private sector added a robust 234,000 jobs in January as wages increased, according to payroll giant ADP, on the heels of the passage of the Tax Cuts and Jobs Act and minimum wage hikes in some states and cities.
Donald Trump sought to connect his presidency to the nation’s prosperity in his first State of the Union address, arguing that the U.S. has arrived at a “new American moment” of wealth and opportunity.
The American Institute of CPAs is asking Congress, the Internal Revenue Service and the Treasury Department for more guidance on the new Tax Cuts and Jobs Act, along with a dedicated service unit for tax practitioners.