Real Accomplishments for Families Highlighted Prior to State of the Union Address
February 5, 2019
[Madison, WI] — Tonight President Trump will deliver his third State of the Union Address. In advance of the address, the Republican Party of Wisconsin issued the following statement from Chairman Brad Courtney:
“President Trump has spent his first two years pushing a pro-growth, pro-American agenda that has spurred economic growth and put people back to work across the country. Thanks to the conservative reforms of President Trump and Republican lawmakers, our economy is booming and Wisconsinites are able to keep more of their hard-earned money.”
At the conclusion of his first year in office, President Trump signed into law the most significant tax reform in decades. The 2017 Tax Cuts and Jobs Act provided trillions of dollars in tax relief for middle class families and small business.
Job & Income Growth
The U.S. economy is surging under President Donald Trump. According to the U.S. Bureau of Labor Statistics, the United States added 5.1 million new jobs during President Trump’s first full two years in office, a 3.5 percent increase. Private sector payrolls grew by 4.9 million during this time, a 4 percent increase. Under President Trump, America has also seen the addition of 467,000 new manufacturing jobs – more than six times the 73,000 manufacturing jobs added in President Obama’s last two years. Moreover, the latest year-over-year wage increase is at its fastest pace since 2009, with average hourly earnings up 3.2 percent.
After 25 years of failed sanctions against North Korea, President Trump was able to set up the first ever summit between a United States President and North Korean Leader Kim Jong-un. During the historic Singapore Summit, the two leaders signed a joint pledge to pursue lasting peace and the complete denuclearization of the Korean Peninsula.
President Trump has made negotiating better trade deals a top priority. At the end of last year, President Trump, along with Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau, signed the United States-Mexico-Canada Agreement. Once approved, the USMCA will govern more than $1.2 trillion in trade in one of the world’s largest free trade zones.
The Trump administration’s focus on deregulation is creating opportunities for economic growth and development. Over the past two years, federal agencies have reduced regulatory costs by $24 billion and eliminated hundreds of burdensome regulations. During his first year alone, President Trump completed 22 deregulatory actions for each new regulatory action. After decades of increased regulations, the Trump administration is focused on unleashing the potential of American workers, innovators, and businesses.
According to the National Federation of Independent Business, Small business optimism is at its highest point in decades. Meanwhile, the National Association of Manufacturers states that 95 percent of American manufacturers are optimistic about their future, an all-time record. Consumer confidence has also risen to its highest level in 18 years.
- DeVore, C., Manufacturers Added 6 Times More Jobs Under Trump Than Under Obama’s Last 2 Years, Forbes, February 1, 2009.
- Chandra, S., U.S. Payrolls Rise 312,000, Wages Accelerate in Jobs Blowout, Bloomberg News, January 4, 2019
- NFIB Press Release: Small Business Optimism Shatters Record Previously Set 35 Years Ago, September 11, 2018
- 95% of Manufacturers Report Positive Outlook in Wake of Tax Reform:NAM Survey, IndustryWeek, June 22, 2018