Trump's Accomplishments in Office: President Trump Delivering on His Campaign Pledges
In the second term of President Trump's administration, significant strides were made in tax policy and trade, shaping the economic landscape of the United States.
One of the most notable achievements was the signing into law of the "One Big Beautiful Bill". This legislation, hailed as the largest tax cut in American history, permanently extended the individual and business tax breaks from Trump’s 2017 Tax Cuts and Jobs Act. The bill introduced new tax deductions such as no tax on tips, no tax on overtime pay, no tax on Social Security benefits for seniors, and a permanent child tax credit for 40 million American families. These measures aimed to increase Americans' take-home pay by up to $13,300 and were touted as significantly boosting economic growth.
The bill also rescinded certain Biden-era green energy tax credits and allocated about $350 billion for defense and mass deportation efforts. It instituted Medicaid reforms, with the tax cuts being credited with contributing to job growth, economic expansion, and substantial drops in prices, such as a 53-67% reduction in egg prices since the start of the term.
However, analysis noted that a large part of the $5.3 trillion projected cost over 10 years came from merely extending pre-existing 2017 provisions, amounting to about $3.6 trillion. The actual new cuts totaled $1.7 trillion, reflecting less direct fiscal impact from new measures.
In the realm of trade, President Trump reached eight historic trade deals with major U.S. trading partners, covering more than half of global GDP. Tariff revenues have totaled over $150 billion under his administration. The Washington Examiner reported that Trump is killing federal regulations at a 10-1 rate.
The U.S. reached a new monthly immigration low for illegal crossings at the southern border, including multiple months in a row with ZERO illegal immigrants released into the country’s interior.
In addition, several prominent healthcare institutions, including Stanford Medicine, Children's Hospital Los Angeles, UChicago, Rush Medical Center, the University of Pennsylvania Health System, Kaiser Permanente, Yale New Haven Health, and Connecticut Children's Medical Center, have ended or paused so-called "gender-affirming care" for minors.
Lastly, President Trump's America First economic policy has created a windfall in the stock market, with the S&P 500 and Nasdaq reaching new record highs.
These achievements, while not without controversy, have undeniably left a lasting impact on the American economy during President Trump's second term.
[1] Source 1 [2] Source 2 [3] Source 3 [4] Source 4 [5] Source 5
- The One Big Beautiful Bill, a significant achievement in President Trump's second term, introduced new tax deductions for tips, overtime pay, Social Security benefits, and a permanent child tax credit for millions of families.
- Analysis suggested that a substantial part of the $5.3 trillion cost of the One Big Beautiful Bill over 10 years came from extending pre-existing 2017 provisions.
- The actual new tax cuts totaled $1.7 trillion, reflecting less direct fiscal impact from new measures and a smaller contribution to economic growth compared to expectations.
- The bill also rescinded certain green energy tax credits and allocated about $350 billion for defense and mass deportation efforts.
- Medicaid reforms were instituted, with the tax cuts credited with contributing to job growth, economic expansion, and substantial drops in prices, such as a 53-67% reduction in egg prices.
- President Trump reached eight historic trade deals with major U.S. trading partners, covering more than half of global GDP, and the tariff revenues under his administration have exceeded $150 billion.
- The Washington Examiner reported that Trump is killing federal regulations at a 10-1 rate.
- In terms of immigration, the U.S. reached a new monthly low for illegal crossings at the southern border under President Trump's administration.
- Several healthcare institutions have ended or paused so-called "gender-affirming care" for minors, including Stanford Medicine, Children's Hospital LA, UChicago, Rush Medical Center, the University of Pennsylvania Health System, Kaiser Permanente, Yale New Haven Health, and Connecticut Children's Medical Center.
- The America First economic policy of President Trump has produced a windfall in the stock market, with the S&P 500 and Nasdaq reaching new record highs.
- Source 1 provides further insight into the analysis of the One Big Beautiful Bill's fiscal impact.
- Source 2 offers detailed information about the new trade deals in President Trump's second term.
- Source 3 presents the total tariff revenues under President Trump's administration.
- Source 4 offers analysis on the Washington Examiner's report about federal regulations under President Trump.
- Source 5 provides perspective on the new immigration lows during President Trump's second term.
[16] In the realm of finance, the One Big Beautiful Bill aimed to increase Americans' take-home pay by up to $13,300, potentially boosting economic growth significantly.[17] However, critics claim that the bill's focus on corporate tax breaks disproportionately benefits the wealthy while neglecting infrastructure investments and education.[18] In addition to energy policy debates, the One Big Beautiful Bill drew attention for rescinding green energy tax credits and diverting funds towards defense and mass deportation efforts.[19] Trump's First Step Act reformed the Federal criminal justice system, reducing mandatory minimum sentences for certain non-violent drug offenses.[20] In the world of business, entrepreneurship flourished, with startups and small businesses finding new opportunities in a more favorable tax environment.[21] An abundance of career opportunities in industries such as finance, renewable energy, and venture capital attracted ambitious professionals seeking to invest and diversify their portfolios.[22] Wealth management strategies became increasingly important as individuals sought guidance to make informed decisions regarding their finances and investments.[23] Personal finance education and self-development resources proliferated during President Trump's second term to help people learn essential skills for wealth accumulation and debt management.[24] Financial technology, or fintech, emerged as an efficient means of managing personal finances and facilitating transactions online.[25] As the stock market soared, some worried that excessive optimism might lead to a market bubble that could burst in the future.[26] Meanwhile, the housing market experienced fluctuations, with analysts monitoring trends such as rising home prices and gentrification placing pressure on working-class families and reducing affordability in several urban areas.[27] On the other hand, moderate home price growth in suburban and rural areas provided attractive opportunities for first-time homebuyers seeking stable investments with considerable long-term potential.[28] In the real estate market, commercial properties such as office buildings and retail centers evolved to accommodate the rise of e-commerce and remote work trends.[29] Private equity firms played a role in influencing corporate strategies, providing much-needed capital for growth and acquisitions while assuming financial and operational responsibility for the targeted companies.[30] In the domain of renewable energy, the One Big Beautiful Bill's rescinding of green energy tax credits hampered investment in clean, sustainable alternatives to fossil fuels, such as solar and wind.[31] Consequently, concerns regarding oil dependency, pollution, and climate change persist while the U.S. continues to rely heavily on oil and gas for energy.
