The members of the “Kudlow” committee, Steve Moore, Art Lafer and Age Anthony, are discussing the Economic priorities of the Trump administration.
This week we have set up 100 days since the president Donald Trump The oath took the office. I easily admit that Trump’s tariff battles caused market turmoil, disruption of work, and a temporary loss of consumer confidence in the economy. I am also tense about commercial wars, but if Trump is able to get our main commercial partners to reduce customs tariffs, we may end up with more trade when he entered the office.
What did it overwhelm in a large extent (perhaps intentionally) Media The usual economic actions are almost global positive steps that Trump has taken to enhance the prosperity and speed that have not been determined in which these results have achieved.
Below is a useful list of outstanding points in Trump’s economic achievements, which lasted 100 days:
1. Reducing job killing and expensive regulations
Trump put an end to Joe Biden Anti -organization assault. The Biden regulations cost the economy about 20 thousand dollars of new costs for each family over four years. “One out of ten years of age” has provided a $ 2000 per family. Size savings about $ 180 billion so far, or about 2000 dollars per family over four years.
2. Make Trump tax cuts permanent
Trump 2017 Reducing taxes It was a huge engine for economic success and the effects of government revenues, unlike the “tax discounts of millionaires”. The average small companies have seen a 20 % reduction in their tax rates, and the company’s rate of higher rates in the world decreased by 35 % to average average at 21 % now. Middle -class families have provided more than $ 2000. The Trump bill to make these permanent tax cuts has already passed the House of Representatives and the Senate and will be on its office to sign by some time this summer.
3. Replace luxury with work
If you pay people not to work and impose taxes on them to work, you will reduce production and increase unemployment. the Manpower participation rate In March 2024 it was only 62.7 %. This decreased from 66 % only 20 years ago. Trump has already started setting rules for adults who are able to obtain a job or put it in a training program if they want to obtain most of the advantages of government care, including food stamps and free health care.
4. Spreading abundant natural resources in America
America has more than 50 trillion dollars in natural resources that can be accessed with current drilling and mining technologies. Trump has already released executive orders to allow drilling and mining in this treasure resource fund. This can collect approximately $ 10 trillion for the federal government in Royalnin higher and other tax payments.
5. Provide the selection of the school for all parents
The test scores are falling and America is ranked first in many academic achievement categories. This is an economic disaster in making. Trump is on his way until he becomes “the head of the school selection”. In his first month in office, Trump issued EO to direct most of $ 100 billion that is lost in Washington by the federal government and sends these money to the states and parents so that they can reach the best schools, including the private sector, distress and back. Recorded schools.
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6. Eliminate federal waste, fraud and duplication
During the era of President Joe Biden and the boom of his spending of $ 6 trillion, government spending reached 40 % of our gross domestic product. We are moving unabated to become a socialist state.
Dog, led Elon MuskThe Trump budget team has already set hundreds of billions of waste, fraudulent payments (as in COVID programs), the unspecified funds that can be returned to the cabinet, and a slight green box worth $ 350 billion that will be returned to taxpayers.
7. Age of the pro -growth immigration policy.
Trump, almost miraculously, cut 94 % illegal boundaries. Now he wants to implement a “merit -based immigration system”. The visa system will choose this migrants based on their skills, talents, investment capital, English language capacity and level of education. Nearly 40 % of companies in America have started by immigrants and their children. He also wants to win the “Gold Card” visas at auction to raise up to $ 100 billion from those who agree to create business and jobs in America.
8. The United States is withdrawn from the Paris Climate Treaty
Trump again ended our participation in global treaties that harm America more than others. This includes the Paris Climate Agreement – a treaty that most other countries have failed to comply, yet they put huge burdens on American companies and workers. Trump also pledged to end global taxes – such as the former Treasury Minister Biden Janet Yellen The minimum global tax.
9. The swamp drain
Less than 10 % of the 2.5 million federal workers in our country worked full -time in the office under Biden’s leadership. This is despite the fact that the Kovid’s locks ended four years ago. These are the employees who receive their salaries of $ 150,000 or more per year for not attending the office. Trump has ordered 2.4 million federal workers … attending or shooting. It has already reduced the federal bureaucracy by more than 100,000 employees with the acquisitions and difficult performance standards.
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This is just a partial list of President Trump’s achievements and I am sure that readers can get to know others.
Critics will say that despite all these political successes, stocks are broken and companies are in a decade style. But a quick reminder: In the first period of Trump, the Nasdak Stock Exchange, Davos Jones, doubled S & P 500 Climb it more than 50 %.
If Trump is able to trade deals, the definitions imposed on American products decrease and end unfair unfair commercial practices By the Chinese And others, we can be in the largest stock of securities and economic gathering in the modern era.
Stephen Moore is a visitor colleague at the Heritage Foundation and co -founder of unleashing prosperity. He is a co -author of “The Trump Economic Miracle and a plan to launch prosperity again.”
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