Median household income in California’s 10th District has risen five percent over the last year from $60,235 to $63,223, according to a new U.S. Census Bureau report, a signal that the strong economy and tax reform are working in the Central Valley.When U.S. Representative Jeff Denham took office in 2011, the median household income in Stanislaus and San Joaquin Counties averaged at $47,464.50 per year.
“Hardworking Central Valley families are benefiting from tax reform,” said Rep. Denham. “Pro-growth policies and tax cuts across the board are delivering bigger paychecks and lower unemployment rates.”
In addition to a strong increase in median home income, the 10th District’s unemployment rate declined 2.2% from 2016 to 2017 and has continued to fall in 2018. This continues a year over year decrease in unemployment from a high of 17% when Congressman Denham took office. Thanks to the Tax Cuts and Jobs Act, the American economy is booming. In the second quarter of this year, Gross Domestic Product (GDP) growth outpaced already optimistic projections, hitting 4.1 percent growth for the quarter. GDP growth is probably the most direct indicator of economic strength, and growth like this means our economy is getting stronger by the day. The gains we’ve seen over the last eight months is an incredible upswing from the average annual growth of just 1.9 percent under President Obama. Currently, our economy is on pace to grow this year by more than 3 percent for the first time in 13 years.
