By Geller Report Staff | January 17, 2021
President Trump is the greatest POTUS ever. What he accomplished
in 4 short years (despite unprecedented obstruction) is nothing short of a
miracle. President Trump will be missed, but he will also be back. You can take
that to the bank.
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Trump Administration Accomplishments
By The White House, January 15, 2021
Unprecedented Economic Boom
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.
- Signed an
Executive Order on Modernizing the Regulatory Framework for Agricultural
Biotechnology Products, which is bringing innovative new technologies to
market in American farming and agriculture.
- 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.
- During the third
quarter of 2020, the economy grew at a rate of 33.1 percent – the most
rapid GDP growth ever recorded.
- Since
coronavirus lockdowns ended, the economy has added back over 12 million
jobs, more than half the jobs lost.
- 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.
- Under the
previous administration, it took 49 months for the unemployment rate to
fall from 10 percent to under 7 percent compared to just 3 months for the
Trump Administration.
- Since April, the
Hispanic unemployment rate has fallen by 9.6 percent, Asian-American
unemployment by 8.6 percent, and Black American unemployment by 6.8
percent.
- 80 percent of
small businesses are now open, up from just 53 percent in April.
- Small business
confidence hit a new high.
- Homebuilder
confidence reached an all-time high, and home sales hit their highest reading
since December 2006.
- Manufacturing
optimism nearly doubled.
- Household net
worth rose $7.4 trillion in Q2 2020 to $112 trillion, an all-time high.
- Home prices hit
an all-time record high.
- The United
States rejected crippling lockdowns that crush the economy and inflict
countless public health harms and instead safely reopened its economy.
- Business
confidence is higher in America than in any other G7 or European Union
country.
- Stabilized
America’s financial markets with the establishment of a number of Treasury
Department supported facilities at the Federal Reserve.
Tax Relief for the Middle Class
Passed $3.2 trillion in historic tax relief and reformed the tax
code.
- Signed the Tax
Cuts and Jobs Act – the largest tax reform package in history.
- 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.
- Virtually
eliminated the unfair Estate Tax, or Death Tax.
- 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.
CLICK HERE TO VIEW THE COMPLETE LIST OF PRESIDENT TRUMP’S ACCOMLISHMENTS
