I just checked the record books.....
Prior to Covid…..the Census Bureau’s
report on “Income and Poverty in the United States” for 2019 ……
Real median household income grew to $68,703 in 2019, an impressive 6.8% increase over 2018. ……the largest one-year increase in median income on record going back to 1967.
It was also 45 percent more growth in a single year ($4,379) ……for reference Obama/Biden produced in their entire 8 years in office ($3,021).
Trump’s first three years, the
economic benefits were widespread. While the overall growth rate was 6.8%, real median income grew by an even greater 7.9% for Black Americans, 7.1% for Hispanic Americans, and 10.6% for Asian Americans. All record highs as were the new income levels for each of these groups.
Trump tax cuts benefitted only the rich, well, they were false. As incomes grew in 2019,
the poverty rate plummeted 1.3 percentage points to a 60 year low of 10.5%. This was the largest reduction in poverty in over 50 years. It lifted over 4.1 million people out of poverty, the largest yearly decrease since 1966. Just for comparison purposes, over the Obama/Biden era, the number of people living in poverty increased by 787,000
Minority groups again experienced the largest improvements. While the overall poverty rate declined 1.3 percentage points, Black poverty fell by 2.0 percentage points, Hispanic poverty fell by 1.8, and Asian poverty fell by 2.8.
According to the White House Council of Economic Advisers (CEA) “the poverty rate fell to an all-time record low for every race and ethnic group in 2019.”
Child poverty decreased to 14.4 percent, the lowest child poverty rate observed since 1973 ……. down 18 percent at the end of the Obama/Biden era.
Over the Trump administration’s first three years, between 2016 and 2019, real median household income
increased 9.2% while the economy
lifted 6.6 million people out of poverty. That’s the largest 3-year poverty reduction for the start of any presidency since the initial drop in
1964 when the War on Poverty began.
Since 2016, the economy has lifted 1.2 million black Americans out of poverty, the largest reduction on record for the first 3 years of any presidency.
Trump’s economic policies benefit only the rich, it must have increased. Well, it didn’t.
income inequality
declined for the second consecutive year as the share of income held by the bottom 20 percent of earners
increased by 2.4 percent.
The Census Bureau’s Income and Poverty report for 2019 has set a new standard by which to measure economic success once the pandemic ends.
These are things he said he would do and he did them. It is fine that you don’t like them. He accomplished a lot of things they were things that YOU did not deem important and that is ok.
He promised and delivered tax cuts
He promised and delivered on getting us out of the Paris Accord
He promised to reduce unnecessary and expensive regulations by repealing 2 benefits for every 1 created.
He promised to eliminate business restrictions and grow the economic. He did historically.
He has eliminated 8 benefits for every 1 created.
He promised and delivered to name conservative, constitution supporting judges to the Supreme Court and he delivered including over 200 judges and 3 supreme court judges.
He promised to bomb Isis into obliteration and he did.
He promised to reduce the number of troops in the ME and he did.
He promised to get tough with China on trade and he did
He promised to renegotiate NAFTA and he did
He promised to cancel Obama’s one sided deal with Cuba and he did
He promised to take no salary for the job and he didn’t.
He promised no cuts to social security and there wasnt.
He promised to end the defense sequester and rebuild the military and he did.
He promised to increase veterans healthcare and he did.
He promised to put a lifetime ban on White House officials lobbying for foreign governments and he hdid.
He promised to require the use of American made steel for US infrastructure projects and he did.
He promised to create a rule change that would stop the Federal Government from paying Planned Parenthood for abortions and he did.
He promised to ensure funding for historic black colleges and he did. He promised to make NATO countries pay for more for their own defense and he did.
He promised to limit legal immigration and he did.
The Tax Cuts and Jobs Act signed into law by Trump doubled the maximum amount of the child tax credit available to parents and lifted the income limits so more people could claim it. * It also created a new tax credit for other dependents.
* In 2018, President Trump signed into law a $2.4 billion funding increase for the Child Care and Development Fund, providing a total of $8.1 billion to States to fund child care for low-income families.
* The Child and Dependent Care Tax Credit (CDCTC) signed into law by Trump provides a tax credit equal to 20-35% of child care expenses, $3,000 per child & $6,000 per family + Flexible Spending Accounts (FSAs) allow you to set aside up to $5,000 in pre-tax $ to use for child care.
He promised no foreign wars or unnecessary altercations. DID it
He brokered 4 Middle East peace alliances receiving 4 Nobel Peace prize nominations. He did not promise this…. People minimize this but no other president has been able to do this or come close to this. If it was so easy certainly other presidents could have accomplished it/
He killed Solemani and Bagdadhi who were highest ranking persons on worlds terrorist list.
He mean tweet which hurt a lot of very soft weak individual.. HE DID..