Under President Donald Trump, the economy has been booming on the back of regulatory rollbacks and a massive tax overhaul, allowing for the largest pay increase for military members since 2010.
“At the end of December, President Donald Trump, by way of executive order, mandated a 2.4 percent pay hike for uniformed service members and a 1.9 percent raise for federal workers,” Fox News reports.
US Military Pay Increase:
•Dec 2017: #Trump executive order increased pay by 2.4% in 2018
•Largest increase since 2010 (3.4%)
•Second time since 2010 that pay increased more than 2.0% pic.twitter.com/pSfAas8Zdr
— Fox News Research (@FoxNewsResearch) January 15, 2018
The Trump administration’s budget initially called for a 2.1 percent increase, but the Senate and House suggested the 2.4 percent increase. The president ultimately heeded their suggestion.
The pay increase kicked in Jan. 1 and is in line with private sector wage growth.
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