President Trump’s Accomplishments So Far May 17, 2018

Still Not Tired Of Winning: At Home And Abroad

A Roundup Of President Trump’s Accomplishments So Far

TOP TAKEAWAYS

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·         NORTH KOREA: President Donald Trump may meet with North Korean leader Kim Jong-Un in a “historic summit” to negotiate the end of North Korea’s nuclear weapons program, North Korea released three Americans held hostage, and Un says he is willing to end his nuclear weapons program and is suspending all nuclear testing during negotiations.

·         U.S. MILITARY: President Trump signed legislation which allocates $700 billion for the U.S. military, increases the size of the armed forces for the first time in seven years, and provides service members with their largest pay increase in eight years.

·         ISIS: In December 2017, coalition forces effectively regained control of all territory held by ISIS in Syria and Iraq, and five senior ISIS leaders were captured in a joint operation in May 2018.

·         AMERICA FIRST ABROAD: NATO members spent 5% more on defense in 2017 than in 2016 after pressure from President Trump, the U.S. recognized Jerusalem as the capital of Israel and relocated its embassy there, withdrew from the Iranian nuclear deal, withdrew from the Trans-Pacific Partnership, and withdrew from the Paris Climate Accord.

·         ECONOMY: The U.S. economy has added over 2.7 million new jobs since President Trump took office, is at its lowest level of unemployment this century at 3.9 percent, African American unemployment is at its lowest rate on record, Hispanic unemployment is tied for a record low, female unemployment has not been this low since 1953, and the number of Americans claiming new unemployment benefits has never been so low for so long.

·         TAX CUTS: An estimated 90 percent of Americans will keep more of their paycheck, the tax cuts will reduce individual income taxes by an estimated average of $1,260 in 2018, companies have announced $123.7 billion in increased investment back into the U.S. economy, and at least 539 companies have used the tax cuts to give pay raises, bonuses, benefits expansions, and utility rate reductions.

·         CUTTING RED TAPE: President Trump has been a deregulation “juggernaut,” with his administration repealing or delaying close to 1,600 regulations in 2017 (or the equivalent of $8.1 billion in lifetime net regulatory cost savings) and issuing roughly 22 deregulatory actions for every new regulatory action.

·         JUDICIARY: Trump secured conservative Neil Gorsuch a spot on the Supreme Court, had a record number of his circuit court nominees confirmed to the federal bench in a President’s first year, and is on track to continue his record-setting pace in 2018.

·         HEALTHCARE: Presiden t Trump signed into law a repeal of Obamacare’s individual mandate, a tax meant to punish people for not participating in Obamacare.

·         ENERGY: Trump helped pave the way for the construction of the Keystone Pipeline and signed legislation opening up ANWAR to drilling, which past administrations had tried but failed to achieve.

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PRESIDENT TRUMP HAS MADE HISTORIC PROGRESS TOWARDS A NUCLEAR-FREE NORTH KOREA AND LASTING PEACE ON THE KOREAN PENINSULA

After A Year Of Sanctions, In Early March 2018, North Korea Announced It Was Willing To Begin Negotiations With The Goal Of Potentially Abandoning Its Nuclear Weapons Program

In His First Year In Office, President Trump Stated The U.S. Was “Ready To Confront North Korea.” PRESIDENT DONALD TRUMP: “The U.S. is ready to confront North Korea. The United States has great strength and patience, but if it is forced to defend itself or its allies, we will have no choice but to totally destroy North Korea.” (Donald Trump, Remarks At The United Nations, New York, NY, 09/19/17)

·         In June 2017, The Trump Administration Announced Increased Sanctions Against Chinese Entities Accused Of Aiding North Korea’s Missile Program. “The Trump administration on Thursday announced sanctions against Chinese entities accused of aiding North Korea’s illicit nuclear and missile programs. The action is a sharp turn in President Trump’s approach to China and the beginning of a new and unpredictable effort to use sticks instead of carrots with Chinese President Xi Jinping.” (Josh Rogin, “The Trump Administration Calls China’s Bluff On North Korea,” The Washington Post06/29/17)

·         In August 2017, The Trump Administration Unveiled Additional Sanctions On Ten Chinese And Russian Companies Aiding North Korea. “Treasury Secretary Steven Mnuchin said in the announcement. Ten Chinese and Russian companies as well as six individuals were named, some of whom are trading coal, oil and mineral resources with North Korea. The Treasury Department says North Korea generates about a billion dollars a year from coal exports and singled out three Chinese companies, which it says imported almost half a billion dollars in North Korean coal between 2013 and 2016.” (Jackie Northam, “Trump Administration Unveils Sanctions To Curb North Korea’s Weapons Program,” NPR, 8/22/17)

·         In September 2017, The President Unveiled Sanctions Targeting Banks And Other Companies Doing Business With North Korea. “President Trump ordered new economic sanctions Thursday against any bank or other company doing business with North Korea, in response to Pyongyang’s renegade nuclear program. The move is designed to tighten the economic screws on North Korean leader Kim Jong Un, in hopes of halting his development of nuclear warheads and the missiles to deliver them.” (Scott Horsley, “Trump Administration Orders New Sanctions On North Korea,” NPR, 09/21/17)

Under President Trump, The United States Pushed Through Two Unanimous Security Council Resolutions Imposing Sanctions On North Korea. “The first concerns the Trump administration’s escalating pressure campaign against North Korea. On Tillerson’s watch, of course, the United States has pushed through two unanimous U.N. Security Council resolutions imposing ever more draconian economic sanctions on Pyongyang.” (John Hannah, “Two Cheers For Rex,” Foreign Policy, 11/29/17)

On March 6, North Korean Leader Kim Jong-Un Told South Korean Envoys He Was Willing To Begin Negotiations On Abandoning His Nuclear Weapons Program And Would Suspend All Nuclear And Missile Tests While Engaged In Talks. “North Korea’s leader, Kim Jong-un, has told South Korean envoys that he is willing to begin negotiations with the United States on abandoning its nuclear weapons and that it would suspend all nuclear and missile tests while engaged in such talks, South Korean officials said on Tuesday.”(Choe Sang Hun and Mark Landler, “North Korea Is Willing To Discuss Giving Up Nuclear Weapons, South Says,” The New York Times, 03/06/18)

In March 2018, Kim Jong Un Told “China He Was Willing To Denuclearize The Peninsula.” “Last month, Kim Jong Un reportedly told China he was willing to denuclearize the peninsula. The North has previously stipulated that a peace treaty and normalization of relations with the United States would be among the security guarantees it would need before discussing giving up its nuclear weapons.” (Laignee Barron, “South Korea Is Discussing A Formal Peace Treaty To End Its War With The North,” Time, 4/19/18)

South Korea Has Confirmed They Have Begun Negotiations With The North To End The Korean War After More Than 60 Years

South Korea Confirmed That “That It Had Been In Talks With American And North Korean Officials About Negotiating A Peace Treaty To Formally End The Korean War After More Than 60 Years.” “South Korea confirmed on Wednesday that it had been in talks with American and North Korean officials about negotiating a peace treaty to formally end the Korean War after more than 60 years, as the United States and its ally try to establish a basis for persuading the North to give up its nuclear weapons.” (Choe Sang-Hun, “Treaty To Formally End Korean War Is Being Discussed, South Confirms,” The New York Times, 4/18/18)

Secretary Of State Pompeo Negotiated The Release Of Three American Prisoners And Set The Stage For A “Historic Summit” Between Kim Jong Un And President Trump In June

President Trump Announced He Will Meet With Kim Jong Un In Singapore On June 12.“President Donald Trump will meet with North Korean leader Kim Jong Un on June 12 in Singapore, the US president announced Thursday on Twitter. ‘The highly anticipated meeting between Kim Jong Un and myself will take place in Singapore on June 12th,’ Trump tweeted. ‘We will both try to make it a very special moment for World Peace!’” (Jeremy Diamond and Kevin Liptak, “Trump Announces North Korea Summit Will Be In Singapore,” CNN, 5/10/18)

In Preparation For The Trump-Kim Summit, The Trump Administration Pressured The North Korean Regime To Release Three Americans Held Hostage As A Gesture Of Good Will. “As both sides began laying the groundwork for the Trump and Kim’s meeting — which would be the first-ever between a sitting US President and North Korean leader — the Trump administration made it clear that releasing the three Americans would be viewed as a gesture of good will. ” (Zachary Cohen and Joshua Berlinger, “Three Americans Held In North Korea Released ‘In Good Health,’”CNN, 05/09/18)

On May 9, North Korea Release The Three American Hostages Who Flew Back To The US Accompanied By Secretary Of State Mike Pompeo. “Those are the names of three American hostages North Korea held for months — and just agreed to release. They’re accompanying Secretary of State Mike Pompeo, who was in North Korea for official meetings, back to the United States, according to President Donald Trump.” (Alex Ward, “North Korea Has Just Released 3 American Hostages,” Vox, 05/09/18)

PRESIDENT TRUMP HAS KEPT CAMPAIGN PROMISES TO REBUILD THE MILITARY, CRACK DOWN ON ISIS, AND STRENGTHEN OUR ALLIANCES WITH ALLIES

President Trump Delivered On His Promise To Rebuild The United States Military By Signing The National Defense Authorization Act Which Allocates $700 Billion To The Military

On The Campaign Trail, Donald Trump Promised To Spend “What We Need” To Rebuild The United States Military. REPUBLICAN PRESIDENTIAL CANDIDATE DONALD TRUMP: “We will spend what we need to rebuild our military. It is the cheapest, single investment we can make. We will develop, build and purchase the best equipment known to mankind. Our military dominance must be unquestioned, and I mean unquestioned, by anybody and everybody.” (Donald Trump , Remarks At The Center For The National Interest, Washington, D.C., 4/27/16)

On December 12, 2017, The President Signed The National Defense Authorization Act, Which Authorized $700 Billion Dollars Annually For United States Defense Expenditures.  “President Trump signed a nearly $700 billion annual defense policy bill on Tuesday, touting it as a step toward delivering on his promise to build up the military. ‘Today with the signing of this defense bill, we accelerate the process of fully restoring America’s military might,’ Trump said at a signing ceremony in the White House’s Roosevelt Room.” (Rebecca Kheel, “Trump Signs Nearly $700B Defense Policy Bill,” The Hill, 12/12/17)

·          “The NDAA Increases The Size Of The American Armed Forces For The First Time In Seven Years, And It Provides Our Military Service Members With Their Largest Pay Increase In Eight Years.” TRUMP: “The NDAA increases the size of the American Armed Forces for the first time in seven years, and it provides our military service members with their largest pay increase in eight years.” (Donald Trump, Remarks At The Signing Of The National Defense Authorization Act, Washington, D.C., 12/12/17)

President Trump Fulfilled A Campaign Promise To Recognize Jerusalem As The Capital Of Israel

During The 2016 Campaign, Donald Trump Promised To Name Jerusalem “The Eternal Capital of The Jewish People” Once In Office And “Accept The Long-Standing Congressional Mandate To Recognize Jerusalem” As The Capital Of Israel. “The Trump campaign ‘acknowledged that Jerusalem has been the eternal capital of the Jewish People for over 3,000 years, and that the United States, under a Trump administration, will finally accept the long-standing Congressional mandate to recognize Jerusalem as the undivided capital of the State of Israel.’” (Harriet Agerholm, “Donald Trump Tells Israeli Prime Minister He Would Recognize Jerusalem As Israel’s Capital,” The Independent, 09/26/16)

·         In December, President Trump Fulfilled This Promise By Formally Recognizing Jerusalem As The Capital Of Israel.  “President Trump on Wednesday formally recognized Jerusalem as the capital of Israel, reversing nearly seven decades of American foreign policy and setting in motion a plan to move the United States Embassy from Tel Aviv to the fiercely contested Holy City.” (Mark Landler, “Trump Recognizes Jerusalem As Israel’s Capital,” The New York Times, 12/06/17)

·         This Week, The Trump Administration Moved The U.S. Embassy In Israel To Jerusalem. “The Trump administration is set to move the US embassy in Israel to Jerusalem Monday, formally breaking from decades of established American policy and international practice in a move that US officials say will create greater regional stability.” (Nicole Gaouette and Elise Labott, “US Set To Break With Tradition And Open Embassy In Jerusalem,” CNN, 5/14/18)

Under The Trump Administration, The United States And Coalition Forces Have Regained Control Of Much Of The Territory Held By ISIS In Iraq And Syria And Have Captured Several Of Their Top Leaders

In 2016, Donald Trump Promised If He Was Elected President ISIS Would “Be GoneAnd They’ll Be Gone Quickly.” TRUMP: “But they’re going to be gone. ISIS will be gone if I’m elected president. And they’ll be gone quickly. They will be gone very, very quickly.” (Donald Trump, Remarks At The Center For The National Interest, Washington, D.C., 4/27/16)

As Of December 2017, Iraqi And Syrian Forces With Coalition Support Have Liberated Over 7 Million People And Regained Control Of All Territory Once Held By ISIS. “At the same time across the border in Syria, Kurds and Arabs — sick of ISIS’ brutality — formed the SDF. Coalition support enabled the group to take the fight to ISIS in areas that were once the terror group’s stronghold. Now, Iraqi security forces and the SDF have taken back all the territory once held by ISIS. U.S. officials said there are fewer than 3,000 ISIS adherents in Iraq and Syria, with most of those in Syria. The SDF and Iraqi forces — with coalition support — have liberated 7.7 million people from ISIS over the past three years.” (Jim Garamone, “Iraqi, Syrian Democratic Forces Destroy ISIS’ ‘Caliphate,’” U.S. Department Of Defense News, 12/11/17)

On December 9, 2017, Iraqi Prime Minister Haider Al-Abadi Declared Victory Over The Islamic State In Iraq. “‘Our forces fully control the Iraqi-Syrian border, and thus we can announce the end of the war against Daesh,’ Mr. Abadi said, using the Arabic acronym for the Islamic State, known as ISIS or ISIL. ‘Our battle was with the enemy that wanted to kill our civilization, but we have won with our unity and determination,’ he said.”  (Margaret Coker and Falih Hassan, “Iraq Prime Minister Declares Victory Over ISIS,” The New York Times, 12/09/17)

As Of April 2018, There Are Encouraging Signs “That Life Is Returning To Normal” Across Iraq And Syria Following The Defeat Of The Islamic State. “Although hard work remains following defeat of the Islamic State of Iraq and Syria’s tyrannical self-proclaimed caliphate in Iraq and Syria, there are encouraging signs that life is returning to normal, the spokesman for Combined Joint Task Force Operation Inherent Resolve told Pentagon reporters today. ‘On March 21, various groups across Iraq and Syria — including Assyrians, Yezidis and Kurds — celebrated Nowruz, the beginning of the Persian new year, free from ISIS, for the first time in years,’  Army Col. Ryan S. Dillon said from Baghdad.” (Terri Moon Cronk, “Evidence Of Normal Life Returns To Iraq, Syria, After ‘Caliphate’ Defeat, Official Says,” U.S. Department Of Defense , 04/24/18)

According To U.S. Officials, ISIS Leadership Has Been “Decimated” Through Airstrikes And Ground Operations. “U.S. officials say ISIS leadership has been decimated through airstrikes and ground operations.” (Jeff Pegues, “5 Top ISIS Leaders Captured In Latest Blow To Militant Group,” CBS News, 05/10/18)

On May 10, Five Senior ISIS Leaders Were Captured In A Joint Operation. “Five senior leaders of the Islamic State of Iraq and Syria (ISIS) were captured in a joint operation involving U.S. and Iraqi forces. It is the latest defeat for the extremist group, which has lost nearly all the territory it once held in Iraq and Syria.” (Jeff Pegues, “5 Top ISIS Leaders Captured In Latest Blow To Militant Group,” CBS News, 05/10/18)

·         The Iraqi Government Reported That Information Gathered From The Terrorists Led To An Air Strike Killing Another 40 ISIS Fighters. “The Iraqi government said information gather during interrogations led to an air strike it claims killed another 40 ISIS terrorists.” (Jeff Pegues, “5 Top ISIS Leaders Captured In Latest Blow To Militant Group,” CBS News, 05/10/18)

In His First Year In Office, President Trump Successfully Pressured European Allies To Affirm Their Commitment To NATO 

Foreign Policy: “The Trump Administration Has Taken Concrete Steps To Bolster The [NATO] Alliance And Counter Moscow.”  “Despite his rhetoric, Trump’s administration has taken concrete steps to bolster the alliance and counter Moscow, approving weapons sales to help Ukraine take on pro-Russian separatists and deploying more American tanks to NATO’s eastern flank.” (Dan De Luce, Robbie Gramer, and Emily Tamkin, “Trump’s Shadow Hangs Over NATO,” Foreign Policy, 01/29/18)

The Trump Administration Has Reassured European Governments, Increased Funding For More U.S. Troops And Hardware In Eastern Europe, And Has Bolstered “Training And Drills With NATO Partners. “In a move that reassured European governments, the Trump administration has opted to increase funding for more U.S. troops and hardware in Eastern Europe and to bolster training and drills with NATO partners.” (Dan De Luce, Robbie Gramer, and Emily Tamkin, “Trump’s Shadow Hangs Over NATO,” Foreign Policy, 01/29/18)

After “Intense Pressure” From President Trump, NATO Allies Planned To Boost Their Defense Spending By 4.3%. “NATO allies of the United States plan to boost their defense spending by 4.3 percent this year, Secretary General Jens Stoltenberg said Wednesday, a response in part to intense pressure from President Trump that the nations invest more in their militaries.” (Michael Birnbaum and Thomas Gibbons-Neff, “NATO Allies Boost Defense Spending In The Wake Of Trump Criticism,” The Washington Post, 6/28/17)

Amid Pressure From President Trump, European Members And Canada Spent Five Percent  More On Defense Last Year Compared To 2016. “NATO’s chief says European members and Canada spent a total of almost 5 percent more on defense last year compared to 2016, amid pressure from U.S. President Donald Trump to boost military budgets. Secretary-General Jens Stoltenberg said Thursday that eight allies are likely to spend the target NATO benchmark of 2 percent of their GDP on defense this year.” (“NATO’s Chief Says Allies Are Spending More On Defense,” The Associated Press, 03/15/18)

TRUMP WITHDRAWS U.S. FROM HARMFUL AGREEMENTS WITH FOREIGN NATIONS THAT THREATEN U.S. NATIONAL SECURITY AND ECONOMY

As Promised During The Campaign, President TrumpWithdrew The United States From The Iran Nuclear Deal

While On The Campaign Trail, Donald Trump Stated His “Number One Priority” Was To “Dismantle The Disastrous [Nuclear] Deal With Iran.” DONALD TRUMP: “I came here to speak to you about where I stand on the future of American relations with our strategic ally, our unbreakable friendship and our cultural brother, the only democracy in the Middle East, the state of Israel. Thank you. My number-one priority is to dismantle the disastrous deal with Iran.” (Donald Trump, Remarks To AIPAC, Washington, D.C., 03/16/16)

On May 8, President Trump Withdrew The United States From The Iran Nuclear Deal.“President Trump announced Tuesday that the United States ‘will withdraw from the Iran nuclear deal.’” (Elizabeth Saunders, “President Trump Pulled The U.S. Out Of The Iran Deal. Here’s What You Need To Know,” The Washington Post, 05/09/18)

President Trump Called The Iran Deal “Defective At Its Core” And Warned That If The U.S. Did Nothing Iran Would Be On The Cusp Of Acquiring Nuclear Weapons. PRESIDENT TRUMP: “After these consultations, it is clear to me that we cannot prevent an Iranian nuclear bomb under the decaying and rotten structure of the current agreement. The Iran deal is defective at its core. If we do nothing, we know exactly what will happen. In just a short period of time, the world’s leading state sponsor of terror will be on the cusp of acquiring the world’s most dangerous weapons. Therefore, I am announcing today that the United States will withdraw from the Iran nuclear deal.” (President Donald Trump, Remarks On The Iran Nuclear Deal, Washington, D.C., 05/08/18)

True To His Word, President Trump Withdrew From President Obama’s Jobs Killing Paris Climate Agreement

On The Campaign Trail, Donald Trump Pledged He Would “Withdraw From Or Rewrite The Paris Climate Accord.” “Trump also repeated that he would seek to withdraw from or rewrite the Paris climate accord that Obama helped negotiate over the past four years.” (Steven Mufson, “Trump Promotes Fossil Fuels And Assails Pollution Rules In Energy Plan,” The Washington Post, 05/26/16)

·         Under The Paris Climate Agreement, By 2025, About 2.7 Million Job-Equivalents Would Have Been Lost Economy-Wide According To One Estimate. “Total economy-wide employment losses amount to about 2.7 million in 2025.” (Paul Bernstein et. al, “Impacts Of Greenhouse Gas Regulations On The Industrial Sector,” NERA Economic Consulting, 03/17)

The United States Withdrew From The Paris Climate Agreement In August 2017. “The U.S. State Department has officially informed the United Nations it will withdraw from the Paris Climate Agreement in a document issued on Friday, but left the door open to re-engaging if the terms improved for the United States.” (Valerie Volcovici, “U.S. Submits Formal Notice Of Withdrawal From Paris Climate Pact,” Reuters, 8/4/17)

Since President Trump Took Office, He Has Signed An Executive Order Abandoning The Trans-Pacific Partnership And Has Begun To Re-Negotiate U.S. Trade Agreements

On January 23, 2017, President Trump Withdrew From The Trans-Pacific Partnership And “Declared An End To The Era Of Multinational Trade Agreements.” “President Trump upended America’s traditional, bipartisan trade policy on Monday as he formally abandoned the ambitious, 12-nation Trans-Pacific Partnership brokered by his predecessor and declared an end to the era of multinational trade agreements that defined global economics for decades.” (Peter Baker, “Trump Abandons Trans-Pacific Partnership, Obama’s Signature Trade Deal,” The New York Times, 1/23/17)

·         This Action “Signaled That He Plans To Follow Through On Promises To Take A More Aggressive Stance Against Foreign Competitors As Part Of His ‘America First’ Approach.” “With the stroke of a pen on his first full weekday in office, Mr. Trump signaled that he plans to follow through on promises to take a more aggressive stance against foreign competitors as part of his ‘America First’ approach.” (Peter Baker, “Trump Abandons Trans-Pacific Partnership, Obama’s Signature Trade Deal,” The New York Times, 1/23/17)

THE ECONOMY IS SOARING AS THE TAX CUTS HAS SPURRED THE ECONOMY AND PUT MONEY BACK IN THE POCKETS OF HARDWORKING AMERICANS

Under President Trump, Unemployment Has Fallen To A Nearly 20 Year Low

Nonfarm Payroll Has Increased By 2,728,000 In Since President Trump Took Office. (Bureau Of Labor Statistics, Accessed 5/4/18)

The Unemployment Rate Has Decreased From 4.8 Percent To 3.9 Percent Since President Trump Took Office. (Bureau Of Labor Statistics, Accessed 5/4/18)  

·         The 3.9 Percent Unemployment Posted In April Is The Lowest Level Since December 2000. “In April, the unemployment rate declined to the lowest level witnessed since December 2000. Further, economists indicated that the rate of hiring would likely decline further in the months ahead. Job additions also increased compared to March, though it remained clear that the pace of hiring was undergoing a decline.” (Swarup Gupta, “Unemployment Falls To Near 18-Year Low: 6 Winning Picks,” Yahoo Finance, 5/7/18)

Under President Trump, The Hispanic Unemployment Rate Has Decreased From 5.9 To 4.8 Percent. (Bureau Of Labor Statistics, Accessed 5/4/18)

·         In April, The Hispanic Unemployment Rate Tied A Record Low. “The jobless rate for Hispanics fell to 4.8 percent, tying the record reached last year and in 2006.” (Joseph Lawler, “Black, Hispanic Unemployment Rates Hit Record Lows In April,” The Washington Examiner, 5/4/18)

Under President Trump, The African-American Unemployment Rate Decreased From 7.8 To 6.6 Percent. (Bureau Of Labor Statistics, Accessed 5/4/18)

·         In April, The African-American Unemployment Rate Reached Its Lowest Rate On Record. “The African-American unemployment rate dropped to 6.6 percent. That’s the lowest rate on record, and significant because black workers’ unemployment is typically double that of whites.” (Irina Ivanova, “Unemployment Drops To 3.9%, Lowest In 17 Years,” CBS News, 5/4/18)

In April, The Female Unemployment Rate Decreased From 4.0 To 3.7 Percent, The Last Time It Dipped That Low Was 1953. (Bureau Of Labor Statistics, Accessed 5/4/18)

In April 2018, Initial Claims For State Unemployment Benefits Fell To Their Lowest Level Since 1969. “In a separate report on Thursday, the Labor Department said initial claims for state unemployment benefits dropped 24,000 to a seasonally adjusted 209,000 for the week ended April 21, the lowest level since December 1969. Economists polled by Reuters had forecast claims falling to 230,000 in the latest week.” (Lucia Mutikani, “U.S. Business Spending On Equipment Cooling; Labor Market Strong,” Yahoo Finance, 4/26/18)

·         “The Number Of Americans Claiming New Unemployment Benefits Has Never Been So Low For So Long.”  “The number of Americans claiming new unemployment benefits has never been so low for so long. Initial jobless claims, a proxy for layoffs across the U.S., decreased by 9,000 to a seasonally adjusted 233,000 in the week ended April 7, the Labor Department said Thursday. This means claims have now held below 300,000 for 162 consecutive weeks, cementing the longest streak for weekly records dating back to 1967.” (Sarah Chaney, “U.S. Weekly Jobless Claims Hold Below 300,000 For Longest Streak On Record,” The Wall Street Journal, 4/12/18)

Surveys Of Consumers Chief Economist, Richard Curtin: The Best Summary Of Consumer Confidence Is “That The Economy Is ‘As Good As It Gets.’” “The best simple summary of the current state of consumer confidence is that the economy is ‘as good as it gets.’ While consumers do not anticipate an economic downturn anytime soon, the long expansion has made consumers (and economists) somewhat apprehensive about future trends.” (“Final Results For April 2018,” The University Of Michigan, 4/18)

Thanks To The Trump Tax Cuts, The Tax Burden On Lower And Middle Income Americans Has Gone Down, Hundreds Of Companies Have Given Their Employees Raises And Bonuses, And Job Growth Has Taken Off

On December 20, 2017, Republicans Passed The Tax Cuts And Jobs Act. “House Republicans passed the most extensive rewrite of the U.S. tax code in more than 30 years — hours after the Senate passed the legislation — handing President Donald Trump his first major legislative victory.” (Sahil Kapur and Anna Edgerton, “Congress Sends Trump Tax-Cut Bill In First GOP Legislative Win,”Bloomberg, 12/20/17)

In 2018, The Tax Cuts And Jobs Act Will Reduce Individual Income Taxes By An Estimated Average Of $1,260. “We estimate that the TCJA will reduce individual income taxes by about $1,260 on average in 2018, increasing after-tax incomes 1.7 percent (table 1). Taxes will decline on average across all income groups.” (Frank Sammartino, Philip Stallworth, and David Weiner, “The Effect Of The TCJA Individual Income Tax Provisions Across Income Groups And Across The States,” Tax Policy Center, 3/28/18)

In 2018, 65 Percent Of Taxpayers Will Receive A Tax Cut From The Tax Cuts And Jobs Act Averaging About $2,200. “We estimate that in 2018, just under 65 percent of taxpayers will receive  a tax cut from the included individual  income  tax provisions—averaging  about $2,200—and  about 6 percent will see an average tax increase of about $2,800 (table 2).” (Frank Sammartino, Philip Stallworth, and David Weiner, “The Effect Of The TCJA Individual Income Tax Provisions Across Income Groups And Across The States,” Tax Policy Center, 3/28/18)

·         As A Result Of The Tax Cuts And Jobs Act, Lower Income Earners Will Pay A Smaller Share Of The Overall Tax Burden. “If the legislation is enacted, higher earners will pay an even larger share of the overall income tax burden than they do now. Our highly ‘progressive’ income tax will be even more progressive. That approach is counter to sound fiscal governance and undermines the growth potential of tax reform, but that is what Republicans are delivering.” (Chris Edwards, “Final Tax Bill: Biggest Cuts For The Middle,”Cato Institute, 12/19/17)

According To The U.S. Treasury Department, 90 Percent Of Americans Will See An Increase In Their Take-Home Pay. “‘With this guidance, most American workers will begin to see bigger paychecks. We estimate that 90 percent of wage earners will experience an increase in their take home pay,’ said U.S. Treasury Secretary Steven T. Mnuchin. ‘The Administration’s monumental tax reform legislation continues to provide economic benefits for hard-working Americans. These tax cuts will ensure that American workers are able to keep more of their hard earned income and decide how to spend, invest or save it.’” (Press Release, “New Withholding Guidelines Under The Tax Cuts And Jobs Act Will Increase Take Home Pay,” U.S. Department Of Treasury, 1/12/18)

At Least 539 Companies Have Passed Along Their Tax Savings To Employees In The Form Of Pay Raises, Bonuses, Benefits Expansions, And Utility Rate Reductions. “Thanks to the Tax Cuts and Jobs Act Passed by the Republican Congress and signed into law by President Trump, below are 539 examples of pay raises, bonuses, 401(k) match increases, expansions, and utility rate reductions.” (John Kartch, “List Of Tax Reform Good News,” Americans For Tax Reform, 5/8/18)

·         358 Companies Gave Employees Bonuses With Savings From The Tax Cuts And Jobs Act. (“List Of Tax Reform Good News,” Americans For Tax Reform , 5/8/18)

·         120 Companies Increased Wages Thanks To Savings From The Tax Cuts And Jobs Act. (“List Of Tax Reform Good News,” Americans For Tax Reform , 5/8/18)

·         50 Companies Increased Their Minimum Wage To At Least $15 An Hour Thanks To Savings From The Tax Cuts And Jobs Act. (“List Of Tax Reform Good News,” Americans For Tax Reform , 5/8/18)

The Economy Has Added 799,000 Jobs In The Four Months Since The Tax Cuts And Jobs Act Was Passed, 92,000 More Than Were Created During The Same Period In 2017.(Bureau Of Labor Statistics, Accessed 5/4/18)

Companies Have Announced $123.7 Billion In Increased Investment Back Into The U.S. Economy Thanks To Savings From The Tax Cuts And Jobs Act(“List Of Tax Reform Good News,”Americans For Tax Reform, 4/16/18)

THE TRUMP ADMINISTRATION HAS BEEN A “JUGGERNAUT ON DEREGULATION”

President Trump Has Rolled Back Dozens Of Harmful Obama Era Regulations And Has Issued Twenty-Two Deregulatory Actions For Every Regulatory Action

President Trump And Congress Have Eliminated More Of The Preceding Administration’s Regulations Via The Congressional Review Act Than The Combined Efforts Of The Previous Three Administrations. “Deregulation is a major ambition of President Donald Trump’s agenda; as one example, he has signed more laws rolling back his predecessor’s regulations than the combined total of the three previous presidents since the process was established by the 1999 Congressional Review Act.” (Justin Sink, “Trump Orders Government To Stop Work On Y2K, 17 Years Later,” Bloomberg, 6/15/17)

After Twenty Years With Only One Congressional Review Act Vote, Republicans In Congress Passed 14 Votes Ending 14 Obama-Era Regulations. “On May 11, Republicans in Congress had a little celebration for the end of more than a dozen Obama-era regulations, with member after member coming to the Senate floor heaping praise on a once-obscure law known as the Congressional Review Act. Sen. James M. Inhofe of Oklahoma could barely contain himself: ‘I’m almost speechless when I think about the success. You know, we went 20 years taking up one CRA and then we end up passing 14 of them — all but one. It’s a huge success record.’” (Jonathan Miller, “Congressional Review Act Gets A Workout,” Roll Call, 12/20/17)  

·         The Congressional Review Act Of 1996 Gives Congress A “Fast Track” Ability To Disapprove Regulatory Rules By Enacting A Joint Resolution Of Disapproval. “The Congressional Review Act of 1996 established expedited (or ‘fast track’) procedures by which Congress may disapprove a broad range of regulatory rules issued by federal agencies by enacting a joint resolution of disapproval.” (Richard S. Beth, “Disapproval Of Regulations By Congress: Procedure Under The Congressional Review Act,” Congressional Research Service, p. Ii, 10/10/01)

On January 30, 2017, President Trump Issued Executive Order 13771, Which Required That For Every New Regulation Promulgated, Two Prior Regulations Be Eliminated. “In his first week in office, President Trump issued Executive Order 13771, which aims to ‘manage the costs associated with the governmental imposition of private expenditures required to comply with Federal regulations.’  It requires that ‘for every new regulation issued, at least two prior regulations be identified for elimination, and that the cost of planned regulations be prudently managed and controlled through a budgeting process.’” (Ted Gayer, Robert E. Litan, and Philip A. Wallach, “Evaluating The Trump Administration’s Regulatory Reform Program,” The Brookings Institute, 10/20/17)

·         Under The “2-For-1 Rule,” Agencies Were Required To Offset The Cost Of Any New Regulation By Eliminating Two Existing Regulations. “Under the so-called ‘2-for-1 Rule,’ the incremental costs of all new regulations for Fiscal Year 2017 must be no greater than zero, unless the regulation is required by law, or, consistent with advice provided in writing by the Director of the OMB. Agencies are expected to meet this new requirement by offsetting any incremental costs from new regulations with the supposed savings gained from eliminating two existing regulations.” (Roncevert Almond, Marina O’Brien, and Andy Orr, “Regulatory Reform In The Trump Era – The First 100 Days,” Yale Journal On Regulation, Accessed 4/1/18)

As Of December 14, 2017, The Trump Administration Has Issued 22 Deregulatory Actions For Every One New Regulatory Action. “Agencies have issued 22 deregulatory actions for every one new regulatory action. This 22:1 ratio far exceeds President Trump’s promise to eliminate two rules for every one new rule. In total, agencies issued 67 deregulatory actions while imposing only three new regulatory actions.” (“President Donald J. Trump Is Delivering On Deregulation,” The White House, 12/14/17)

In 2017, Federal Agencies Withdrew Or Delayed 1,579 Planned Regulatory Actions. “In this Administration, agencies have withdrawn or delayed 1,579 planned regulatory actions.  635 regulations were withdrawn. 244 regulations were made inactive. 700 regulations were delayed.” (“President Donald J. Trump Is Delivering On Deregulation,” The White House, 12/14/17)

Federal Agencies Achieved $8.1 Billion In Lifetime Net Regulatory Cost Savings In FY 2017, The Equivalent Of $570 Million Per Year. “Federal agencies achieved $8.1 billion in lifetime net regulatory cost savings, the equivalent of $570 million per year. These savings go beyond the Administration’s goal of imposing no lifetime net regulatory costs in FY 2017.”(“President Donald J. Trump Is Delivering On Deregulation,” The White House, 12/14/17)

The Wall Street Journal Called The Trump Administration A “Juggernaut On Deregulation.” “While the Republican machine that emerged from the 2016 election may be sputtering on other fronts, it is proving to be a juggernaut on deregulation. And as a priority for the business community, deregulation ranks right up there with tax cuts and tax reform.”(Gerald Seib, “The Trump Deregulatory Juggernaut Is Rolling,” The Wall Street Journal, 10/30/17)

PRESIDENT TRUMP IS ADDING A RECORD NUMBER OF JUDGES TO THE FEDERAL BENCH AND PUT CONSERVATIVE NEIL GORSUCH ON THE SUPREME COURT

President Trump’s Nominee To The U.S. Supreme Court, Judge Neil Gorsuch, Was Confirmed

In April 2017, Judge Neil Gorsuch Was Confirmed By The Senate As The 113th Justice Of The U.S. Supreme Court. “Judge Neil M. Gorsuch was confirmed by the Senate on Friday to become the 113th justice of the Supreme Court, capping a political brawl that lasted for more than a year and tested constitutional norms inside the Capitol’s fraying upper chamber.” ( Adam Liptak and Matt Flegenheimer, “Neil Gorsuch Confirmed By Senate As Supreme Court Justice,” The New York Times, 4/7/17)

During His First Year And A Half In Office, President Trump Has Had More Of His Federal Judicial Picks Confirmed Than Many Recent Presidents

During President Trump’s First Year In Office, Twelve Of His Nominees For Federal Appeals Courts Judgeships Were Confirmed, The Most Confirmed In Any President’s First Year In Office. “Senate Republicans on Thursday confirmed President Donald Trump’s twelfth federal appeals court nominee, setting a record for the most circuit court picks confirmed in a president’s first year.” (Khorri Atkinson, “Trump Has Now Appointed Most Ever Federal Appeals Judges In 1st Year,” Axios, 12/14/17)

As Of May 11, Since Taking Office, President Trump Has Had 35 Judges Confirmed To The Federal Bench. (“Trump’s Confirmed Judges,” Alliance For Justice, Accessed 5/11/18)

·         In Total, President Trump Has Nominated 110 Individuals To Serve On The U.S. District Courts And U.S. Courts Of Appeals. (“Judicial Selection,” Alliance For Justice , Accessed 5/11/18)

President Trump Is Currently Poised To Have More Circuit Court Nominees Confirmed Than “President Obama, George W. Bush, Or President Clinton Got Confirmed By The End Of Their Second Year In Office.” “Now they’re poised to confirm, as soon as next week, more circuit nominees for Trump than President Obama, President George W. Bush or President Clinton got confirmed by the end of their second year in office.” (Jordain Carney, “Republicans Confirming Trump’s Court Nominees At Record Pace,” The Hill, 5/1/18)

THE TRUMP ADMINISTRATION REPEALED OBAMACARE’S HARMFUL INDIVIDUAL MANDATE AND IS WORKING TO LOWER DRUG PRICES

With The Passage Of The Tax Bill, Obamacare’s Individual Mandate Will Be Eliminated By 2019

With The Passage Of The Republican Tax Bill, The Individual Mandate For Not Having Health Insurance Will Be Eliminated Starting In 2019. “The GOP tax bill eliminates the individual mandate penalty for not having health insurance starting in 2019.” (“The GOP Tax Bill Kills Obamacare’s Individual Mandate. Here’s What That Means,” Time, 12/15/17)

Obamacare Established The Individual MandateA Punitive Tax Levied On Those Who Choose To Forgo Purchasing Insurance. “The architects of the Affordable Care Act thought they had a blunt instrument to force people — even young and healthy ones — to buy insurance through the law’s online marketplaces: a tax penalty for those who remain uninsured.” (Robert Pear, “Health Law Tax Penalty? I’ll Take It, Millions Say,” The New York Times, 10/26/16)

The Individual Mandate Has Not “Worked All That Well” As Premiums On The Exchanges Continued To Rise. “It [the individual mandate] has not worked all that well, and that is at least partly to blame for soaring premiums next year on some of the health law’s insurance exchanges.” (Robert Pear, “Health Law Tax Penalty? I’ll Take It, Millions Say,” The New York Times, 10/26/16)

·         Young And Healthy Americans Have Gone The “Cheaper” Route And Paid The Penalty Rather Than Pay An Insurance Company That Is “Charging Large Premiums With Huge Deductibles.” “But even then that might not be enough: For the young and healthy who are badly needed to make the exchanges work, it is sometimes cheaper to pay the Internal Revenue Service than an insurance company charging large premiums, with huge deductibles.” (Robert Pear, “Health Law Tax Penalty? I’ll Take It, Millions Say,” The New York Times , 10/26/16)

·         According To The Congressional Budget Office, Individuals With An Adjusted Gross Income Of Under $50,000 Paid 58 Percent Of The Individual Penalty Payments In Tax Year 2015. (“Modeling The Effects Of The Individual Mandate On Health Insurance Coverage,” Congressional Budget Office, 11/14/17, p.3)

·         This Same Group Would Be “Less Likely” To Get Health Insurance Through Work And Many “Do Not Qualify For An Exemption Based On Affordability.” “This income group is less likely than higher earners to get health insurance through work, and many do not qualify for an exemption based on affordability because they would be eligible for premium subsidies reducing the cost.” (K.K. Rebecca Lai and Alicia Parlapiano, “Millions Pay The Obamacare Penalty Instead Of Buying Insurance. Who Are They?” The New York Times , 11/28/17)

In An Effort To Increase Market Competition And Lower Drug Prices, The Trump Administration Has Increased The Number Of Generics Approved For Sale

The Food And Drug Administration (FDA) Has “Sped Up Approval Of Generic Drugs, Injecting More Competition In The Market.” “The Food and Drug Administration has sped up approval of generic drugs, injecting more competition in the market.” (John Fritze, “Trump To Deliver Major Address On Drug Prices, But Advocates Predict Small Steps,” USA Today, 5/4/18)

In 2017, The FDA Approved 1,027 Generic Drugs For Sale, A “A Record-Setting Number.”“In 2017, the FDA approved a record-setting number of generic prescription drugs for sale in the marketplace in an effort to lower costs and bring more competition to market; the number of generic approvals by the FDA has increased from 492 in 2015 to 1,027 in 2017.”(“2017: A Year of Accomplishment,” U.S. Department Of Health And Human Services, 1/26/18, p. 15)

Investing In Generic Drugs Would Make It “Easier For Companies To Develop Generic Drugs” And Put “Generics Into Markets With No Existing Competition.” “But when he was confirmed back in May, Gottlieb identified generics as the space where the agency could potentially have the most impact in the quickest way – both by making it easier for companies to develop generic drugs and nudging generics into markets with no existing competition.”(Paige Winfield Cunningham, “The Health 202: Generic Drugs Had A Great 2017,” The Washington Post, 1/2/18)

Prescription Drug Costs Take “10 Cents Out Of Every Dollar Spent On U.S. Health Care” While The U.S. Accounts For 33 Percent Of World Spending On Prescription Drugs.“Prescription drug costs take 10 cents out of every dollar spent on U.S. health care, and the United States accounts for 33 percent of world spending on prescription drugs despite accounting for only 4 percent of the world’s population.” (Press Release, “Regulation, Competition Needed To Lower Drug Prices, Says Panel,” American Academy Of Family Physicians, 8/2/17)

ENERGY POLICY

Trump Helped Pave The Way For The Keystone Pipeline And Opened Up ANWAR

In January 2017, President Trump Signed An Executive Order Encouraging The Construction Of  The Dakota Access Pipeline And Keystone XL Pipeline. “Advancing the Dakota Access and Keystone XL Pipelines (January 24) Trump’s next actions encouraged the construction of two controversial pipelines, the Dakota Access Pipeline and Keystone XL Pipeline. The DAPL action instructs an expedited review and approval of the remaining construction and operation of the pipeline by the Army for Civil Works and U.S. Army Corps of Engineers. The Keystone XL action invites TransCanada, the Canadian energy company behind the pipeline, to re-submit its application for a presidential permit to construct the pipeline. It also instructs the Secretary of State to reach a final determination within 60 days.”(Aidan Quigley, “All Of Trump’s Major Executive Actions So Far,” Politico, 1/25/17)

·         The Dakota Access Pipeline Began Operation July 1 2017 . “The $3.8 billion Dakota Access pipeline began shipping oil for customers on Thursday, as Native American tribes that opposed the project vowed to continue fighting. Dallas-based Energy Transfer Partners announced that the 1,200-mile line carrying North Dakota oil through South Dakota and Iowa to a distribution point in Illinois had begun commercial service.” (Blake Nicholson, “$3.8 Billion Dakota Access Oil Pipeline Begins Service,” The Chicago Tribune, 6/1/17)

The GOP Tax Cuts Included A Provision That Opens Alaska’s Remote Arctic National Wildlife Refuge To Drilling, “Ending More Than Four Decades Of Heated Debate On The Matter.” “Congress voted Wednesday to open Alaska’s remote Arctic National Wildlife Refuge (ANWR) to oil and natural gas drilling, ending more than four decades of heated debate on the matter. The House voted 224-201, mostly along party lines, to pass the Republicans’ tax overhaul bill, which has the ANWR drilling provision attached to it.” (Timothy Cama, “Congress Votes To Open Alaska Refuge To Oil Drilling,” The Hill, 12/20/17)

John “B.T.” March | Communications Director

Republican Party of Virginia
540.460.6242
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