· the bottom line: Eliminated the obamacare individual mandate – a financial relief to low and middle-income households that made up nearly 80 percent of the families who paid the penalty for not wanting to purchase health insurance. More than 6 million american workers received wage increases, bonuses, and increased benefits thanks to the tax cuts. · to start his second term, president trump inherited a relatively strong economy. The economy can grow impressively while the president’s economic marks sink. · gross domestic investment soared by 22%. · besides the striking strength of the economy being handed off to the incoming trump administration , the table also shows that republican administrations inherit much stronger economies. Ended the regulatory assault on american businesses and workers. Ended the north american free trade agreement (nafta), and replaced it with the brand new united states-mexico-canada agreement (usmca). Unleashed america’s oil and natural gas potential. For the first time in nearly 70 years, the united states has become a net energy exporter. · the result is the paradox of the season: Passed $3. 2 trillion in historic tax relief and reformed the tax code. America gained 7 million new jobs – more than three times government experts’ projections. This is the highest in four years and comes as businesses and consumers — bolstered by rising take-home pay — fuel an economic boom. Before the china virus invaded our shores, we built the world’s most prosperous economy. Confirmed 54 judges to the united states courts of appeals, making up nearly a third of the entire appellate bench. Natural gas production reached a record-high of 34. 9 quads in 2019, following record high production in 2018 and. Illegal crossings have plummeted over 87 percent where the wall has been constructed. Expect to hear talk of this and any other indicators that suggest its happening. See full list on trumpwhitehouse. archives. gov Increased choice for consume. Middle-class family income increased nearly $6,000 – more than five times the gains during the entire previous administration. Deployed nearly 5,000 troops to the southern border. Click on a trending topic to learn more about it. Signed the tax cuts and jobs act – the largest tax reform package in history. Trump administration officials view increasing business capital investment as the linchpin of their economic agenda, including ultimately driving gains in blue-collar wages. Announced further t. The united states is now the number one producer of oil and natural gas in the world. Empowered american patients by greatly expanding healthcare choice, transparency, and affordability. Reduced the direct cost of regulatory compliance by $50 billion, and will reduce costs by an additional $50 billion in f. Built over 400 miles of the world’s most robust and advanced border wall. Experts predicted robust economic growth and moderate unemployment levels going forward. Suspended all travel from china, saving thousands of lives. Restricted travel to the united states from infected regions of the world. Required all american citizens returning home from designated outbreak countries to return through designated airports with enhanced screening measures, and to undergo a self-quarantine. Secured historic trade deals to defend american workers. · on the campaign trail last year, trump promised a “new american industrialism” on his watch, through which the us would become a “manufacturing powerhouse” once again, with a resurgence in. A typical family of four earning $75,000 received an income tax cut of mor. In addition, mexico deployed tens of thousands of their own soldiers and natio. Immediately withdrew from the job-killing trans-pacific partnership (tpp). Secured the southern border of the united states. Nominated and confirmed over 230 federal judges. Yahoo is using openai to generate summaries for this content. The unemployment rate reached 3. 5. Appointed a historic number of federal judges who will interpret the constitution as written. Affordable and high-quality child care for american workers and their families. Nearly 40 million families benefitted from the child tax credit (ctc), receiving an average benefit of $2,200 – totaling credits of approximately $8. Filled all court of appeals vacancies for the first time in four decades. Instead of 2-for-1, we eliminated 8 old regulations for every 1 new regulation adopted. Ai-generated content sometimes contains inaccurate or incomplete information. Doubled the child tax credit from $1,000 to $2,000 per child and expanded the eligibility for receiving the credit. Provided the average american household an extra $3,100 every year. The usmca contains powerful new protections for american manufacturers,.
