For the last eight years of what I would call "Obamanomics," they overregulated the economy. They kept taxes too high, and they were stopping economic growth from taking off. And I just knew that if we actually did the things that we know grow the economy—regulatory relief and comprehensive tax reform—we would bring in a burst of new confidence for people to take risks and for big and small businesses alike to expand.
That is exactly what has happened. Just six months ago, we finally got the window of opportunity where the time was right. We had the executive branch and the legislative branch working together to get this done, and we seized the moment.
The United States is now in a pro-growth cycle where Americans are confident, they're risk-taking, they're hiring, and wages are going up. This economic optimism won't solve all of our problems, but it makes all of our problems easier to solve.