#U.S GOVERNMENT BUDGET BREAKDOWN CODE#

Modernized the National Environmental Policy Act (NEPA) for the first time in over 40 years.Signed two executive orders to increase transparency in Federal agencies and protect Americans and their small businesses from administrative abuse.Signed an executive order to make it easier for businesses to offer retirement plans.Established the Governors’ Initiative on Regulatory Innovation to reduce outdated regulations at the state, local, and tribal levels.The previous administration added over 16,000 pages Removed nearly 25,000 pages from the Federal Register-more than any other president.Reduced the direct cost of regulatory compliance by $50 billion and were projected to reduce costs by an additional $50 billion in FY 2020 alone.These actions provided the average American household with an extra $3,100 every year.

Instead of a 2-for-1 ratio of deregulatory to regulatory actions, the Trump Administration eliminated 8 old regulations for every new regulation adopted.

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 ZonesĮnded the regulatory assault on American businesses and workers.

Approximately 1 million Americans will be lifted from poverty as a result of these new investments.

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.

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.

Created nearly 9,000 Opportunity Zones where capital gains on long-term investments are taxed at zero.

Jobs and investments are pouring into Opportunity Zones

Lower investment cost and higher capital returns led to faster growth for the middle class, higher real wages, and stronger international competitiveness.

Over $1.4 trillion was repatriated into the United States from overseas.

Over 400 companies have announced bonuses, wage increases, new hires, or new investments in the United States.

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.

Businesses can now deduct 100 percent of the cost of their capital investments in the year the investment is made.

Small businesses can now deduct 20 percent of their business income.

Cut the business tax rate from 35 percent-the highest in the developed world-all the way down to 21 percent.

Virtually eliminated the unfair Estate Tax, or Death Tax.

Doubled the standard deduction-making the first $24,000 earned by a married couple completely tax-free.

A typical family of four earning $75,000 received an income tax cut of more than $2,000-slashing their tax bill in half.

More than 6 million American workers received wage increases, bonuses, and increased benefits thanks to tax cuts.

Signed the Tax Cuts and Jobs Act-the largest tax reform package in history.

#U.S GOVERNMENT BUDGET BREAKDOWN CODE#

Passed $3.2 trillion in historic tax relief and reformed the tax code President Trump Is Rolling Back Regulations to Help All Americans Administration Achievements President Trump Is Rolling Back Regulations to Help All Americans

U.s government budget breakdown