A DONALD TRUMP OPED IN THE WASHINGTON EXAMINER: A Year of Real Change.
We are putting America first, making real change in Washington, and creating opportunities for all of our people. From coast to coast, there is a renewed spirit. Our country is roaring back more quickly than anyone could have predicted. The American Dream is real again.
Estimates predict the U.S. economy grew at an annualized rate of more than 3 percent in the fourth quarter of last year – just like it did in the two quarters before that. The economy has created more than 2 million new jobs, and the unemployment rate has fallen to its lowest rate in 17 years: 4.1 percent. We have achieved the lowest African-American unemployment rate on record, and the unemployment rate for Hispanic Americans has also hit historic lows. Chrysler has announced plans to bring jobs and production back to the U.S. from Mexico. And the stock market continues to set record high after record high.
Just before Christmas, we enacted massive tax cuts and tax reform for the American people. For the first time in 30 years, we reformed the tax code to make it simpler and fairer. We have lowered rates for both individuals and businesses, expanded 529 education savings accounts to be used for K-12 education, and doubled the child tax credit. These changes will not only allow Americans to keep more of their hard-earned money, but they will help make American workers and businesses competitive again. This sweeping reform also repealed Obamacare’s individual mandate – an unpopular, cruel, and burdensome tax that hit low- and middle-income Americans the hardest.
Over the year, as Americans have seen increases in their paychecks and retirement accounts, American companies in every sector have grown their business and created more jobs.
This is a real test of the “It’s the economy, stupid,” school of politics.