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|    tx.politics    |    Texas politics    |    122,019 messages    |
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|    Message 120,863 of 122,019    |
|    Two Time Victor! to All    |
|    Trump Administration Accomplishments As     |
|    30 Jul 21 22:54:05    |
      XPost: alt.gossip.celebrities, talk.politics.misc, comp.internet       services.google       XPost: rec.arts.tv.soaps.cbs       From: no_russia@actblue.com              As of January 2021              Trump Administration Accomplishments              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.              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.              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.              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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