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Inspired from another thread where I posted this. Do you really think he's beatable in 2020 after looking at this list?
The Tax Cuts and Jobs Act:
During his first year, nearly 3 million new jobs were created since January 2017 and the unemployment rate fell to 3.8 percent, the first time below 4% in 18 years.
Whether sloppy or intentional, you know you cannot post this without the proper attribution, i.e., without a link.
Perknose
Forum Director
The Tax Cuts and Jobs Act:
- The first major tax reform in 30 years.
- As the economy grows, federal revenues are increasing. April 2018 had a record surplus of $214 billion.
- Over 500 companies (507) have announced bonuses, wage increases, and new investments.
- Businesses have invested $482 billion in new, American projects and employees.
- More than 4.8 million workers received increased wages or bonuses (3.7% of all private workers).
- Provided $1.5 trillion in tax cuts to individuals.
- American families received $3.2 trillion in gross tax cuts and saw the child tax credit double.
- A family of four making $73,000 will get a cut of over $2,000-cutting their taxes in half.
- Nearly doubled the standard deduction.
- Repealed Obamacare’s burdensome individual mandate.
- The bill provides a 20% deduction for small business income, which means $415 billion tax cut.
- The President lowered the corporate tax rate from the highest in the industrialized world (35%) to 21%.
During his first year, nearly 3 million new jobs were created since January 2017 and the unemployment rate fell to 3.8 percent, the first time below 4% in 18 years.
- The manufacturing industry created over 300,000 jobs.
- 337,000 construction jobs have been created since President Trump took office, and construction employment stands at its highest level since June 2008.
- Fourteen states reached record low unemployment rates.
- The African American unemployment rate reached its lowest ever recorded.
- Job openings reached 6.6 million, the highest level ever recorded. This competition should drive wage growth.
- Jobless claims reached the lowest level in 45 years (1973).
- The number of people dependent on food stamps has fallen by 2.6 million or 6.2% since January 2017.
- The number of people receiving unemployment benefits is running at the lowest level in 45 years.
- Average 3% growth the last three quarters- under President Obama, annual growth averaged 1.9%.
- The Dow Jones Industrial Average hit record highs more than 80 times under President Trump, including closing higher than 26,000 points for the first time in its history.
- Since President Trump’s election, more than $5 trillion in wealth has been created for the U.S. economy.
- The Conference Board Consumer Confidence Index rose in November 2017 to a 17-year high of 129.5.
- The National Association of Manufacturers’ Outlook Index had the highest annual average in its history.
- Small business optimism has sustained record-high levels under President Trump according to the National Federation of Independent Business.
- President Trump signed an Executive Order that expanded apprenticeships, recognizing the need for more quality alternatives to four-year college degrees. The Executive Order set in motion a new process that makes it easier for businesses to create and scale apprenticeship programs, providing many more Americans access to an affordable education that leads to a well-paying job.
- President Trump signed a Presidential Memorandum directing the Secretary of Education to prioritize STEM education with a particular focus on computer science. Leading private sector technology companies and organizations pledged over $300 million to amplify the president’s computer science initiative.
- The Trump Administration prioritized the economic empowerment of women as a key element of our commitment to economic growth and gender equality. This year, the Small Business Administration lent approximately $500 million more than last year in capital to women-owned businesses.
- Days after taking office, the President withdrew the United States from the Trans-Pacific Partnership negotiations and agreement.
Whether sloppy or intentional, you know you cannot post this without the proper attribution, i.e., without a link.
Perknose
Forum Director
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