#1 American Revival: 70 Ways President Trump Has Changed the Nation Over the Past Two Years by algernonpj 25.01.2019 22:15

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With the escalating 'resistance' to Trump, MAGA, free speech, and the will of the American people, I thought this would be a good change of pace, a reminder of how much has been accomplished

b]American Revival: 70 Ways President Trump Has Changed the Nation Over the Past Two Years[/b]
By Jasper Fakkert
January 20, 2019 Updated: January 25, 2019

From sweeping tax reform to support for energy production, President Donald Trump’s pro-business policies have boosted the job market, set records in the stock market, and helped individuals and companies to thrive again. The economy hit the Trump administration’s 3 percent growth target in the second quarter of 2017 and in the second and the third quarters of 2018.
President Donald Trump and members of Congress celebrate the passage of the tax bill on Dec. 20, 2017. (Samira Bouaou/The Epoch Times)

Tax Reform

Since the Tax Cuts and Jobs Act was signed into law in December 2017, the average American business has seen its tax burden drop by more than half.

The United States previously had the highest corporate income tax rate among the 35 industrialized nations. After the passage of the act, the U.S. corporate tax rate dropped from 35 percent to 21 percent.

This put the United States at a competitive advantage to many other nations. The bill also had a positive effect on business investments and hence economic growth. Companies have accelerated their capital spending in 2018 to take advantage of the tax cuts and the full expensing provision.

Last year, optimism within the small-business world soared to its highest levels in 45 years as a result of tax cuts and strong economic growth.
The percentage change in the Dow Jones Industrial Average from Nov. 8, 2016, to Jan. 8, 2019 (blue line). The Dow under Trump has performed more strongly than under his three most recent predecessors. (Sources: The Epoch Times; Yahoo Finance)

Stock Market

Stock markets have set record after record since President Donald Trump came into office and enacted tax cuts and pro-business policies. Even after the recent pullback on Wall Street, the Dow Jones Industrial Average through Jan. 8 was up by nearly 20 percent since Trump’s inauguration and 30 percent since Election Day 2016.

Markets tumbled in recent months due to worries about trade wars, the unwinding of the Federal Reserve’s balance sheet, and interest rate hikes. Nevertheless, Dow’s two-year gain since Trump’s election exceeded the gains recorded during the first two years following the elections of Presidents Barack Obama, George W. Bush, and Bill Clinton.
Refineries in Corpus Christi, Texas, on Nov. 8, 2018. (Charlotte Cuthbertson/The Epoch Times)

Record-High Oil Production

Under the Trump administration, the United States has become the world’s leading crude oil producer, surpassing Russia and Saudi Arabia. U.S. oil production broke a record set in 1970 for the first time in November 2017.

According to the latest official report, U.S. crude output hit an all-time high, exceeding 11.5 million barrels per day in October. The United States also became a net oil exporter for the first time in almost 75 years, a significant step toward achieving “energy independence and dominance,” goals set by Trump.
Workers at the Hollywood Bed Frame Company in Commerce, Calif., on April 14, 2017. (ROBYN BECK/AFP/Getty Images)

Robust Jobs Market

The tax cuts, as well as strong corporate earnings, helped drive U.S. job growth. Job openings surged to record-high levels last year, with vacancies increasingly exceeding the number of unemployed workers.

The unemployment rate fell to 3.7 percent for the first time in nearly 50 years. In December 2018, the unemployment rate inched up to 3.9 percent. The economy added more than 4.8 million jobs in the first two years of Trump’s term. Wage growth, which had been stagnant since the early 1970s, started to rise last year as well.

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https://www.theepochtimes.com/two-years-...9ceda-238431765


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