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.
Provided the average American household an extra $3,100 every year.
Reduced the direct cost of regulatory compliance by $50 billion, and will
reduce costs by an additional $50 billion in FY 2020 alone.
Removed nearly 25,000 pages from the Federal Register � more than any
other president. The previous administration added over 16,000 pages.
Established the Governors� Initiative on Regulatory Innovation to reduce
outdated regulations at the state, local, and tribal levels.
Signed an executive order to make it easier for businesses to offer
retirement plans.
Signed two executive orders to increase transparency in Federal agencies
and protect Americans and their small businesses from administrative
abuse.
Modernized the National Environmental Policy Act (NEPA) for the first time
in over 40 years.
Reduced approval times for major infrastructure projects from 10 or more
years down to 2 years or less.
Helped community banks by signing legislation that rolled back costly
provisions of Dodd-Frank.
Established the White House Council on Eliminating Regulatory Barriers to
Affordable Housing to bring down housing costs.
Removed regulations that threatened the development of a strong and stable
internet.
Eased and simplified restrictions on rocket launches, helping to spur
commercial investment in space projects.
Published a whole-of-government strategy focused on ensuring American
leadership in automated vehicle technology.
Streamlined energy efficiency regulations for American families and
businesses, including preserving affordable lightbulbs, enhancing the
utility of showerheads, and enabling greater time savings with
dishwashers.
Removed unnecessary regulations that restrict the seafood industry and
impede job creation.
Modernized the Department of Agriculture�s biotechnology regulations to
put America in the lead to develop new technologies.
Took action to suspend regulations that would have slowed our response to
COVID-19, including lifting restrictions on manufacturers to more quickly
produce ventilators.

Successfully rolled back burdensome regulatory overreach.

Rescinded the previous administration�s Affirmatively Furthering Fair
Housing (AFFH) rule, which would have abolished zoning for single-family
housing to build low-income, federally subsidized apartments.
Issued a final rule on the Fair Housing Act�s disparate impact standard.
Eliminated the Waters of the United States Rule and replaced it with the
Navigable Waters Protection Rule, providing relief and certainty for
farmers and property owners.
Repealed the previous administration�s costly fuel economy regulations by
finalizing the Safer Affordable Fuel Efficient (SAFE) Vehicles rule, which
will make cars more affordable, and lower the price of new vehicles by an
estimated $2,200.