President Donald J. Trump: Year One of Making America Great Again: Part I | Eastern North Carolina Now

    Press Release:

Publisher's note: This expansive explanation of President Trump's first is in three parts, and all parts can be found here.

President Trump's Innauguration     Click image to expand.    Official White House Photo.

    From now on, America will be empowered by our aspirations, not burdened by our fears; inspired by the future, not bound by the failures of the past; and guided by our vision, not blinded by our doubts. - President Donald J. Trump

    JUMPSTARTING AMERICA'S WORKERS AND ECONOMIC ENGINE: President Trump has put the American economy into high-gear, creating jobs and increasing wealth.

    •  Under President Trump's leadership, Congress passed historic tax cuts and relief for hardworking Americans not seen since President Reagan.

       •  The Tax Cuts Act provides $5.5 trillion in tax cuts, of which $3.2 trillion, or nearly 60 percent, goes to families.

       •  A typical family of four earning $75,000 will save more than $2,000 in income tax cuts.

       •  The Tax Cuts Act nearly doubles the standard deduction.

       •  The vast majority of American families will be able to file their taxes on a single page.

       •  The Tax Cuts Act will repeal Obamacare's burdensome individual mandate.

    •  The U.S. Gross Domestic Product (GDP) growth rate increased at or above 3 percent for two quarters in a row for the first time in three years.

       •  Third quarter GDP growth rate was 3.2 percent.

       •  Second quarter GDP growth rate was 3.1 percent.

    •  During President Trump's first year, nearly 1.7 million new jobs have been created and the unemployment rate has fallen to 4.1 percent, the lowest rate in nearly 17 years.

       •  The manufacturing industry has created 159,000 jobs.

       •  The mining and logging industry has created 57,000 jobs.

       •  Thirteen states have reached record low unemployment rates.

    •  The Dow Jones Industrial Average index has hit record highs more than 60 times under President Trump, including closing higher than 24,000 points for the first time in its history.

       •  Since President Trump's election, more than $5 trillion in wealth has been added to the U.S. economy.

    •  Economic confidence has rebounded to record highs under President Trump as his pro-growth policies have and continue to put American workers and businesses first.

       •  The Conference Board Consumer Confidence Index rose in November to a 17-year high of 129.5.

       •  The National Association of Manufacturers' Outlook Index had the highest annual average in its history.

    •  President Trump signed an Executive Order on expanding apprenticeships, recognizing the need for more quality alternatives to four-year college degrees.

       •  The Executive Order sets in motion a new process that will make it easier for businesses to create and scale apprenticeship programs, providing many more Americans access to an affordable education that leads to a good-paying job.

       •  President Trump signed a Memorandum directing the Secretary of Education to prioritize STEM education with a particular focus on computer science.

       •  Leading private sector technology companies and organizations pledged over $300 million to amplify the President's computer science initiative.

    •  The Trump Administration has prioritized the economic empowerment of women as a key element of our commitment to economic growth and gender equality.

       •  This year, the Small Business Administration has lent approximately $500 million more than last year in capital to women-owned businesses.

    ENDING JOB KILLING REGULATIONS: President Trump is rolling back wasteful and costly regulations that have stood in the way of hardworking Americans.

    •  In order to control regulatory costs, President Trump signed an Executive Order mandating that two regulations must be eliminated for every one created.

       •  President Trump's Administration surpassed the 2:1 ratio, eliminating 22 regulations for every new regulation.

       •  In FY 2017, President Trump's Administration saved over $8.1 billion in lifetime regulatory costs.

    •  President Trump has signed 15 Congressional Review Act resolutions into law, more than any other president, ending burdensome Obama-era rules and regulations.

    •  By announcing our intention to withdraw from the Paris Climate Agreement, President Trump protected America from a bad deal that would have harmed America's economy and workers

       •  According to a study by NERA Economic Consulting, implementing the Obama Administration's plan under the Paris Climate Agreement could have cost the United States economy nearly $3 trillion and 6.5 million industrial sector jobs by 2040.

    •  President Trump signed an Executive Order with the goal of dramatically reducing the time for permit approvals for infrastructure projects from up to 10 years to an average of 2 years.

    •  President Trump eliminated the Obama Administration's "Stream Protection Rule," which unfairly targeted the coal industry with estimated costs of $81 million a year.

    PROMOTING FAIR AND RECIPROCAL TRADE: President Trump is putting America first in trade so American workers aren't put at a disadvantage.

    •  One of President Trump's first actions was to withdraw the United States from the Trans-Pacific Partnership, advancing his agenda to protect American workers.

    •  The Trump Administration has begun renegotiations of trade agreements that have contributed to the U.S. trade deficit and harmed American workers.

       •  Renegotiations of the North American Free Trade Agreement are underway to modernize the deal so all countries benefit from it.

    •  President Trump has worked to bring foreign investment back to the United States so more goods are made in America by American workers.

       •  South Korean companies announced 64 projects that will invest more than $17 billion in the United States over four years and will purchase $58 billion in goods and services.

       •  Foxconn announced it was investing $10 billion in Wisconsin to build a factory that will employ thousands of workers directly and up to 22,000 workers indirectly.

       •  Toyota and Mazda announced a $1.6 billion investment in a new manufacturing plant in the United States that will create an estimated 4,000 jobs.

       •  At the White House, Broadcom Limited announced they were moving their headquarters back to the United States, bringing $20 billion in annual revenue.

    •  President Trump has worked to promote the sale of more American products abroad.

       •  On his first overseas trip, President Trump and King Salman of Saudi Arabia oversaw the signing of a historic $400 billion in deals between U.S. and Saudi companies.

       •  The Trump Administration has made enforcement of U.S. trade laws a top priority and has already made significant progress.

       •  To defend U.S. national security interests, President Trump blocked a foreign company from acquiring a U.S. business for only the fourth time in history.

       •  Since President Trump was sworn into office, the Department of Commerce has initiated 79 antidumping and countervailing duties (AD/CVD) investigations.

       •  The U.S. Trade Representative self-initiated a Section 301 investigation into whether Chinese policies, acts, and practices related to technology transfer, licensing, and intellectual property are unreasonable or discriminatory. This is the first use of Section 301 since 2001.

    •  President Trump delivered on his promise to roll back the Obama Administration's bad deal on Cuba, which benefited the Cuban regime at the expense of the Cuban people.

    ADVANCING AMERICAN ENERGY DOMINANCE: President Trump is reversing years of policies that locked-up American energy and restricted our ability to sell to other countries.

    •  The Department of the Interior is planning to auction off leases for nearly 77 million acres in the Gulf of Mexico for oil and gas drilling starting in March, the largest offering ever.

       •  President Trump signed an Executive Order to expand offshore oil and gas drilling and to reissue a leasing program to develop offshore resources.

    •  President Trump has acted aggressively to increase exports of our energy resources to the global market.

       •  New guidance will allow financing for coal and other fossil energy projects, which will increase access to affordable, reliable, and clean energy around the world.

       •  The Administration streamlined Liquefied Natural Gas (LNG) terminal permitting, including the Lake Charles LNG terminal.

       •  Under the Trump Administration, our allies have received, and will continue to receive, American LNG exports, which will prevent dependence on single suppliers.

    •  President Trump has unleashed oil and gas development by expanding access to resources and the infrastructure needed to get them to market.

       •  The Trump Administration has approved the Keystone XL and Dakota Access pipelines, which will create an estimated 42,000 jobs and $2 billion in economic benefits.

       •  The Administration has expedited new pipeline approval and production, including the New Burgos Pipeline, which will export U.S. gasoline to Mexico.

       •  The Department of the Interior is boosting responsible oil and gas development on Federal lands.

    •  President Trump directed the Environmental Protection Agency (EPA) to rescind the Obama Administration's Clean Power Plan (CPP).

       •  According to NERA Economic Consulting, the CPP would have increased electricity rates by as much as 14 percent, costing American households up to $79 billion.

       •  The EPA is reconsidering an onerous Obama-era rule on methane emissions that would cost American energy developers an estimated $530 million annually.

    Contact: White House • whitehouse.gov/the-press-office
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