- President Trump’s White House put together a list of accomplishments to date from the President’s efforts while in office. The list is a mile long.
- Before the China Virus invaded our shores, we built the world’s most prosperous economy.
- America gained 7 million new jobs – more than three times government experts’ projections.
- Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.
- The unemployment rate reached 3.5 percent, the lowest in a half-century.
- Achieved 40 months in a row with more job openings than job-hirings.
- More Americans reported being employed than ever before – nearly 160 million.
- Jobless claims hit a nearly 50-year low.
- The number of people claiming unemployment insurance as a share of the population hit its lowest on record.
- Incomes rose in every single metro area in the United States for the first time in nearly 3 decades.
Delivered a future of greater promise and opportunity for citizens of all backgrounds.
- Unemployment rates for African Americans, Hispanic Americans, Asian Americans, Native Americans, veterans, individuals with disabilities, and those without a high school diploma all reached record lows.
- Unemployment for women hit its lowest rate in nearly 70 years.
- Lifted nearly 7 million people off of food stamps.
- Poverty rates for African Americans and Hispanic Americans reached record lows.
- Income inequality fell for two straight years, and by the largest amount in over a decade.
- The bottom 50 percent of American households saw a 40 percent increase in net worth.
- Wages rose fastest for low-income and blue collar workers – a 16 percent pay increase.
- African American homeownership increased from 41.7 percent to 46.4 percent.
Brought jobs, factories, and industries back to the USA.
- Created more than 1.2 million manufacturing and construction jobs.
- Put in place policies to bring back supply chains from overseas.
- Small business optimism broke a 35-year old record in 2018.
Hit record stock market numbers and record 401ks.
- The DOW closed above 20,000 for the first time in 2017 and topped 30,000 in 2020.
- The S&P 500 and NASDAQ have repeatedly notched record highs.
Rebuilding and investing in rural America.
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- Strengthened America’s rural economy by investing over $1.3 billion through the Agriculture Department’s ReConnect Program to bring high-speed broadband infrastructure to rural America.
Achieved a record-setting economic comeback by rejecting blanket lockdowns.
- An October 2020 Gallup survey found 56 percent of Americans said they were better off during a pandemic than four years prior.
- Jobs have been recovered 23 times faster than the previous administration’s recovery.
- Unemployment fell to 6.7 percent in December, from a pandemic peak of 14.7 percent in April – beating expectations of well over 10 percent unemployment through the end of 2020.
- 80 percent of small businesses are now open, up from just 53 percent in April.
- Household net worth rose $7.4 trillion in Q2 2020 to $112 trillion, an all-time high.
Tax Relief for the Middle Class
Passed $3.2 trillion in historic tax relief and reformed the tax code.
- More than 6 million American workers received wage increases, bonuses, and increased benefits thanks to the tax cuts.
- A typical family of four earning $75,000 received an income tax cut of more than $2,000 – slashing their tax bill in half.
- Doubled the standard deduction – making the first $24,000 earned by a married couple completely tax-free.
- Doubled the child tax credit.
- Cut the business tax rate from 35 percent – the highest in the developed world – all the way down to 21 percent.
- Small businesses can now deduct 20 percent of their business income.
- Businesses can now deduct 100 percent of the cost of their capital investments in the year the investment is made.
- Since the passage of tax cuts, the share of total wealth held by the bottom half of households has increased, while the share held by the top 1 percent has decreased.
- Over 400 companies have announced bonuses, wage increases, new hires, or new investments in the United States.
- Over $1.5 trillion was repatriated into the United States from overseas.
- Lower investment cost and higher capital returns led to faster growth in the middle class, real wages, and international competitiveness.
Jobs and investments are pouring into Opportunity Zones.
- Created nearly 9,000 Opportunity Zones where capital gains on long-term investments are taxed at zero.
- Opportunity Zone designations have increased property values within them by 1.1 percent, creating an estimated $11 billion in wealth for the nearly half of Opportunity Zone residents who own their own home.
- Opportunity Zones have attracted $75 billion in funds and driven $52 billion of new investment in economically distressed communities, creating at least 500,000 new jobs.
- Approximately 1 million Americans will be lifted from poverty as a result of these new investments.
- Private equity investments into businesses in Opportunity Zones were nearly 30 percent higher than investments into businesses in similar areas that were not designated Opportunity Zones.
Source: thegatewaypundit.com
Massive Deregulation
Ended the regulatory assault on American Businesses and Workers.
- Instead of 2-for-1, we eliminated 8 old regulations for every 1 new regulation adopted.
- Provided the average American household an extra $3,100 every year.
- Americans now have more money in their pockets.