American Revival: 70 Ways President Trump Has Changed the Nation Over the Past Two Years
https://www.theepochtimes.com/two-years-in-office-trumps-revival-of-america_2772117.html
1. Economy
From sweeping tax reform to support for energy production, President Donald Trump’s pro-business policies have boosted the job market, set records in the stock market, and helped individuals and companies to thrive again. The economy hit the Trump administration’s 3 percent growth target in the second quarter of 2017 and in the second and the third quarters of 2018.
2. Tax Reform
Since the Tax Cuts and Jobs Act was signed into law in December 2017, the average American business has seen its tax burden drop by more than half.
The United States previously had the highest corporate income tax rate among the 35 industrialized nations. After the passage of the act, the U.S. corporate tax rate dropped from 35 percent to 21 percent.
This put the United States at a competitive advantage to many other nations. The bill also had a positive effect on business investments and hence economic growth. Companies have accelerated their capital spending in 2018 to take advantage of the tax cuts and the full expensing provision.
Last year, optimism within the small-business world soared to its highest levels in 45 years as a result of tax cuts and strong economic growth.
https://www.theepochtimes.com/two-years-in-office-trumps-revival-of-america_2772117.html
1. Economy
From sweeping tax reform to support for energy production, President Donald Trump’s pro-business policies have boosted the job market, set records in the stock market, and helped individuals and companies to thrive again. The economy hit the Trump administration’s 3 percent growth target in the second quarter of 2017 and in the second and the third quarters of 2018.
2. Tax Reform
Since the Tax Cuts and Jobs Act was signed into law in December 2017, the average American business has seen its tax burden drop by more than half.
The United States previously had the highest corporate income tax rate among the 35 industrialized nations. After the passage of the act, the U.S. corporate tax rate dropped from 35 percent to 21 percent.
This put the United States at a competitive advantage to many other nations. The bill also had a positive effect on business investments and hence economic growth. Companies have accelerated their capital spending in 2018 to take advantage of the tax cuts and the full expensing provision.
Last year, optimism within the small-business world soared to its highest levels in 45 years as a result of tax cuts and strong economic growth.
