Channel 1 Los Angeles
9/4/2020 Washington D.C.
Article II, Section 1 of the U.S. Constitution establishes the Executive Branch of the U.S. government. Under this new order, George Washington, the first U.S. president, was elected in 1789. At the time, only white men who owned property could vote, but the 15th, 19th and 26th Amendments to the Constitution have since expanded the right of suffrage to all citizens over 18.
Making America Great Again
Economy And Jobs
President Donald J. Trump -REPUBLICAN
Under President Trump’s leadership, Congress passed historic tax cuts and relief for hard-working Americans. The Tax Cuts and Jobs Act:
- Is the first major tax reform signed in 30 years.
- Provided tax relief for 82% of middle-class families.
- Doubled the Child Tax Credit proving an additional $1,000 per child in tax relief for working parents.
- Nearly doubled the standard deduction, a change that simplified the tax filing process for millions of Americans.
- Cut taxes for small business by 20%, providing $415 billion in tax relief for small business owners.
- Alleviated the tax burden on over 500 companies. who used those savings to fund bonuses, wage increases for 4.8 million workers.
- Spurred new investments into the American economy, after it was passed businesses invested $482 billion into new American projects.
- Repealed Obamacare’s burdensome individual mandate.
- Made U.S. companies competitive on the world stage, lowering the corporate tax rate from one of the highest in the industrialized world (35%) to 21%.
U.S. Gross Domestic Product (GDP) growth has soared under President Trump, topping 3% in 4 quarters under his administration.
- 2018 annual GDP growth was 2.9%
- In the first quarter of 2019 GDP growth was 3.1%
President Trump is unleashing economic growth and jobs. Since his election, the Trump administration’s pro-growth policies have generated 6 million new jobs, the unemployment rate has fallen to its lowest point in 50 years, and wages have grown at more than 3% for 10 months in a row.
- The manufacturing industry created nearly half a million new jobs.
- 625,000 new construction jobs have been created since President Trump took office.
- Hispanic, Asian and African American unemployment rates have all reached record lows under President Trump.
- There are more than a million more job openings than unemployed persons in the U.S.
President Trump signed an executive order that expanded federally funded apprenticeship programs and on-the-job training, to provide an alternative for those looking to gain in demand skills that lack the resources to attend four year universities.
- The executive order set in motion a new process that makes it easier for businesses to create and scale apprenticeship programs, providing many more Americans access to an affordable education that leads to a well-paying job.
- The Workforce Development Advisory Council established by President Trump’s executive order has already created on-the-job training opportunities for 6.5 million Americans.
The Trump administration prioritized the economic empowerment of women at home and across the globe.
- The Trump Administration launched the Women’s Global Development and Prosperity (W-GDP) Initiative, the first-ever whole-of-government approach focused on advancing women’s full and free participation in the global economy and allocated $50 million for the fund.
Joe Biden believes- DEMOCRAT
Joe Biden believes to his core that there’s no greater economic engine in the world than the hard work and ingenuity of the American people. Nobody has more respect for the working women and men who get up every day to build and sustain this country, or more confidence that they can meet the challenges we face.
Make no mistake: America has been knocked down. The unemployment rate is higher than it was in the Great Recession. Millions have lost jobs, hours, pay, health care, or the small business they started, through no fault of their own.
The pandemic has also laid bare some unacceptable truths. Even before COVID-19, the Trump Administration was pursuing economic policies that rewarded wealth over work and corporations over working families. Too many families were struggling to make ends meet and too many parents were worried about the economic future for their children. And, Black and Latino Americans, Native Americans, immigrants, and women have never been welcomed as full participants in the economy.
Biden believes this is no time to just build back to the way things were before, with the old economy’s structural weaknesses and inequalities still in place. This is the moment to imagine and build a new American economy for our families and the next generation.
An economy where every American enjoys a fair return for their work and an equal chance to get ahead. An economy more vibrant and more powerful precisely because everybody will be cut in on the deal.
In this time of crisis, Joe Biden has a plan to create millions of good-paying jobs and to give America’s working families the tools, choices, and freedom they need to build back better.
That starts with a real strategy to deal with the pandemic. We can’t solve the jobs crisis until we solve the public health crisis. Trump may have forgotten about COVID, but COVID hasn’t forgotten about us. On March 12, April 27, and June 11, Biden laid out a comprehensive strategy to get the pandemic under control and effectively reopen the economy — an approach that will both protect the health and safety of our people and boost economic activity. He will start implementing that plan on Day One.
Biden will also provide further immediate relief to working families, small businesses, and communities. Biden will:
- Provide state, local, and tribal governments with the aid they need so educators, firefighters and other essential workers aren’t being laid off.
- Extend COVID crisis unemployment insurance to help those who are out of work.
- Provide a comeback package for Main Street businesses and entrepreneurs.