The United States job market continued to reach new heights in August 2018, with recently released statistics showing available positions “dwarfed” American workers seeking full-time employment.
According to CNBC, there were over 7.1 million positions available in the United States at the end of August; smashing the previous record of 6.2 million just a month prior.
“Job openings hit a fresh record in August, indicating companies could face more inflationary pressures ahead with a tight labor market,” writes CNBC.
“The vacancies level hit 7.14 million for the month, according to the Job Openings and Labor Turnover Survey, a report Federal Reserve officials watch closely for clues about where employment stand,” adds the article.
The strong data comes just hours after a similar report showed the US Treasury took in a record haul of personal income tax in the 2018 fiscal year.
Read the full report at CNBC.
CRUMBS! Pelosi Slams ‘GOP TAX SCAM,’ Says Republicans IGNORING ‘Working Families’
House Minority Leader Nancy Pelosi doubled-down on her non-stop attacks against the GOP tax cuts Tuesday; blasting her Republican colleagues for “giving handouts” to the top one percent while ignoring America’s “working families.”
The leading Democrat slammed President Trump’s signature tax cuts on social media Tuesday; signaling her party’s willingness to repeal the overhaul should they retake control of Congress this fall.
— Nancy Pelosi (@SpeakerPelosi) September 11, 2018
Pelosi’s comments come just hours after GOP House members unveiled new legislation that would make the President’s tax cuts “permanent” beyond their 2025 expiration date.
CRUMBS ACT: House Republicans Unveil PELOSI INSPIRED Bonus Bill
House Republicans are poised to introduce the Nancy Pelosi-inspired ‘Crumbs Act’ this week; unveiling new legislation that would make bonuses and other one-time payouts to American workers tax free.
Congressman Todd Rokita announced the proposal, called Creating Relief and Useful Middle-Class Benefits and Savings -also known as the CRUMB Act- Tuesday, a clear reference to House Minority Leader Nancy Pelosi’s infamous swipe at millions of Americans who received an annual bonus following the passage of the GOP tax cut legislation.
“Americans are receiving thousands of dollars in bonuses and more money in their paychecks thanks to President Trump’s tax reform, but out-of-touch Democratic leaders believe they only amount to crumbs,” Rokita said in a statement.
“The CRUMBS Act will let Americans keep more of the money they receive as a result of President Trump’s tax reform, and allow them, not the government, to choose how best to spend their bonuses,” he added.
The former Speaker of the House repeatedly denounced the bonuses and higher wages as “pathetic crumbs” after President Trump signed the sweeping tax overhaul into law; slamming the major cuts as a “scram” for working families.