FINANCIAL, TAX, ACCOUNTING LATEST NEWS…

September 3, 2025

Growth: The global economy is expected to continue its path of BOOMING steady growth.

September 4, 2025

Published by Gary Alan on September 4, 2025

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Unprecedented Economic Boom

Before the China Virus invaded our shores, we built the world’s most prosperous economy.

America gained 7 million new jobs – more than three times government experts’ projections.
Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.
The unemployment rate reached 3.5 percent, the lowest in a half-century.
Achieved 40 months in a row with more job openings than job-hirings.
More Americans reported being employed than ever before – nearly 160 million.
Jobless claims hit a nearly 50-year low.
The number of people claiming unemployment insurance as a share of the population hit its lowest on record.
Incomes rose in every single metro area in the United States for the first time in nearly 3 decades.

Delivered a future of greater promise and opportunity for citizens of all backgrounds.

Unemployment rates for African Americans, Hispanic Americans, Asian Americans, Native Americans, veterans, individuals with disabilities, and those without a high school diploma all reached record lows.
Unemployment for women hit its lowest rate in nearly 70 years.
Lifted nearly 7 million people off of food stamps.
Poverty rates for African Americans and Hispanic Americans reached record lows.
Income inequality fell for two straight years, and by the largest amount in over a decade.
The bottom 50 percent of American households saw a 40 percent increase in net worth.
Wages rose fastest for low-income and blue collar workers – a 16 percent pay increase.
African American homeownership increased from 41.7 percent to 46.4 percent.

Brought jobs, factories, and industries back to the USA.

Created more than 1.2 million manufacturing and construction jobs.
Put in place policies to bring back supply chains from overseas.
Small business optimism broke a 35-year old record in 2018.

Hit record stock market numbers and record 401ks.

The DOW closed above 20,000 for the first time in 2017 and topped 30,000 in 2020.
The S&P 500 and NASDAQ have repeatedly notched record highs.

Rebuilding and investing in rural America.

Signed an Executive Order on Modernizing the Regulatory Framework for Agricultural Biotechnology Products, which is bringing innovative new technologies to market in American farming and agriculture.
Strengthened America’s rural economy by investing over $1.3 billion through the Agriculture Department’s ReConnect Program to bring high-speed broadband infrastructure to rural America.

Achieved a record-setting economic comeback by rejecting blanket lockdowns.

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An October 2020 Gallup survey found 56 percent of Americans said they were better off during a pandemic than four years prior.
During the third quarter of 2020, the economy grew at a rate of 33.1 percent – the most rapid GDP growth ever recorded.
Since coronavirus lockdowns ended, the economy has added back over 12 million jobs, more than half the jobs lost.
Jobs have been recovered 23 times faster than the previous administration’s recovery.
Unemployment fell to 6.7 percent in December, from a pandemic peak of 14.7 percent in April – beating expectations of well over 10 percent unemployment through the end of 2020.
Under the previous administration, it took 49 months for the unemployment rate to fall from 10 percent to under 7 percent compared to just 3 months for the Trump Administration.
Since April, the Hispanic unemployment rate has fallen by 9.6 percent, Asian-American unemployment by 8.6 percent, and Black American unemployment by 6.8 percent.
80 percent of small businesses are now open, up from just 53 percent in April.
Small business confidence hit a new high.
Homebuilder confidence reached an all-time high, and home sales hit their highest reading since December 2006.
Manufacturing optimism nearly doubled.
Household net worth rose $7.4 trillion in Q2 2020 to $112 trillion, an all-time high.
Home prices hit an all-time record high.
The United States rejected crippling lockdowns that crush the economy and inflict countless public health harms and instead safely reopened its economy.
Business confidence is higher in America than in any other G7 or European Union country.
Stabilized America’s financial markets with the establishment of a number of Treasury Department supported facilities at the Federal Reserve.

Tax Relief for the Middle Class

Passed $3.2 trillion in historic tax relief and reformed the tax code.

Signed the Tax Cuts and Jobs Act – the largest tax reform package in history.
More than 6 million American workers received wage increases, bonuses, and increased benefits thanks to the tax cuts.
A typical family of four earning $75,000 received an income tax cut of more than $2,000 – slashing their tax bill in half.
Doubled the standard deduction – making the first $24,000 earned by a married couple completely tax-free.
Doubled the child tax credit.
Virtually eliminated the unfair Estate Tax, or Death Tax.
Cut the business tax rate from 35 percent – the highest in the developed world – all the way down to 21 percent.
Small businesses can now deduct 20 percent of their business income.
Businesses can now deduct 100 percent of the cost of their capital investments in the year the investment is made.
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.
Over 400 companies have announced bonuses, wage increases, new hires, or new investments in the United States.
Over $1.5 trillion was repatriated into the United States from overseas.
Lower investment cost and higher capital returns led to faster growth in the middle class, real wages, and international competitiveness.

Jobs and investments are pouring into Opportunity Zones.

Created nearly 9,000 Opportunity Zones where capital gains on long-term investments are taxed at zero.
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.
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.
Approximately 1 million Americans will be lifted from poverty as a result of these new investments.
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 Zones.

Massive Deregulation

Ended the regulatory assault on American Businesses and Workers.

Instead of 2-for-1, we eliminated 8 old regulations for every 1 new regulation adopted.
Provided the average American household an extra $3,100 every year.
Reduced the direct cost of regulatory compliance by $50 billion, and will reduce costs by an additional $50 billion in FY 2020 alone.
Removed nearly 25,000 pages from the Federal Register – more than any other president. The previous administration added over 16,000 pages.
Established the Governors’ Initiative on Regulatory Innovation to reduce outdated regulations at the state, local, and tribal levels.
Signed an executive order to make it easier for businesses to offer retirement plans.
Signed two executive orders to increase transparency in Federal agencies and protect Americans and their small businesses from administrative abuse.
Modernized the National Environmental Policy Act (NEPA) for the first time in over 40 years.
Reduced approval times for major infrastructure projects from 10 or more years down to 2 years or less.
Helped community banks by signing legislation that rolled back costly provisions of Dodd-Frank.
Established the White House Council on Eliminating Regulatory Barriers to Affordable Housing to bring down housing costs.
Removed regulations that threatened the development of a strong and stable internet.
Eased and simplified restrictions on rocket launches, helping to spur commercial investment in space projects.
Published a whole-of-government strategy focused on ensuring American leadership in automated vehicle technology.
Streamlined energy efficiency regulations for American families and businesses, including preserving affordable lightbulbs, enhancing the utility of showerheads, and enabling greater time savings with dishwashers.
Removed unnecessary regulations that restrict the seafood industry and impede job creation.
Modernized the Department of Agriculture’s biotechnology regulations to put America in the lead to develop new technologies.
Took action to suspend regulations that would have slowed our response to COVID-19, including lifting restrictions on manufacturers to more quickly produce ventilators.

Successfully rolled back burdensome regulatory overreach.

Rescinded the previous administration’s Affirmatively Furthering Fair Housing (AFFH) rule, which would have abolished zoning for single-family housing to build low-income, federally subsidized apartments.
Issued a final rule on the Fair Housing Act’s disparate impact standard.
Eliminated the Waters of the United States Rule and replaced it with the Navigable Waters Protection Rule, providing relief and certainty for farmers and property owners.
Repealed the previous administration’s costly fuel economy regulations by finalizing the Safer Affordable Fuel Efficient (SAFE) Vehicles rule, which will make cars more affordable, and lower the price of new vehicles by an estimated $2,200.

Americans now have more money in their pockets.

Deregulation had an especially beneficial impact on low-income Americans who pay a much higher share of their incomes for overregulation.
Cut red tape in the healthcare industry, providing Americans with more affordable healthcare and saving Americans nearly 10 percent on prescription drugs.
Deregulatory efforts yielded savings to the medical community an estimated $6.6 billion – with a reduction of 42 million hours of regulatory compliance work through 2021.
Removed government barriers to personal freedom and consumer choice in healthcare.
Once fully in effect, 20 major deregulatory actions undertaken by the Trump Administration are expected to save American consumers and businesses over $220 billion per year.
Signed 16 pieces of deregulatory legislation that will result in a $40 billion increase in annual real incomes.

Fair and Reciprocal Trade

Secured historic trade deals to defend American workers.

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Immediately withdrew from the job-killing Trans-Pacific Partnership (TPP).
Ended the North American Free Trade Agreement (NAFTA), and replaced it with the brand new United States-Mexico-Canada Agreement (USMCA).
The USMCA contains powerful new protections for American manufacturers, auto-makers, farmers, dairy producers, and workers.
The USMCA is expected to generate over $68 billion in economic activity and potentially create over 550,000 new jobs over ten years.
Signed an executive order making it government policy to Buy American and Hire American, and took action to stop the outsourcing of jobs overseas.
Negotiated with Japan to slash tariffs and open its market to $7 billion in American agricultural products and ended its ban on potatoes and lamb.
Over 90 percent of American agricultural exports to Japan now receive preferential treatment, and most are duty-free.
Negotiated another deal with Japan to boost $40 billion worth of digital trade.
Renegotiated the United States-Korea Free Trade Agreement, doubling the cap on imports of American vehicles and extending the American light truck tariff.
Reached a written, fully-enforceable Phase One trade agreement with China on confronting pirated and counterfeit goods, and the protection of American ideas, trade secrets, patents, and trademarks.
China agreed to purchase an additional $200 billion worth of United States exports and opened market access for over 4,000 American facilities to exports while all tariffs remained in effect.
Achieved a mutual agreement with the European Union (EU) that addresses unfair trade practices and increases duty-free exports by 180 percent to $420 million.
Secured a pledge from the EU to eliminate tariffs on American lobster – the first United States-European Union negotiated tariff reduction in over 20 years.
Scored a historic victory by overhauling the Universal Postal Union, whose outdated policies were undermining American workers and interests.
Engaged extensively with trade partners like the EU and Japan to advance reforms to the World Trade Organization (WTO).
Issued a first-ever comprehensive report on the WTO Appellate Body’s failures to comply with WTO rules and interpret WTO agreements as written.
Blocked nominees to the WTO’s Appellate Body until WTO Members recognize and address longstanding issues with Appellate Body activism.
Submitted 5 papers to the WTO Committee on Agriculture to improve Members’ understanding of how trade policies are implemented, highlight areas for improved transparency, and encourage members to maintain up-to-date notifications on market access and domestic support.

Took strong actions to confront unfair trade practices and put America First.

Imposed tariffs on hundreds of billions worth of Chinese goods to protect American jobs and stop China’s abuses under Section 232 of the Trade Expansion Act of 1962 and Section 301 of the Trade Act of 1974.
Directed an all-of-government effort to halt and punish efforts by the Communist Party of China to steal and profit from American innovations and intellectual property.
Imposed tariffs on foreign aluminum and foreign steel to protect our vital industries and support our national security.
Approved tariffs on $1.8 billion in imports of washing machines and $8.5 billion in imports of solar panels.
Blocked illegal timber imports from Peru.
Took action against France for its digital services tax that unfairly targets American technology companies.
Launched investigations into digital services taxes that have been proposed or adopted by 10 other countries.

Historic support for American farmers.

Successfully negotiated more than 50 agreements with countries around the world to increase foreign market access and boost exports of American agriculture products, supporting more than 1 million American jobs.
Authorized $28 billion in aid for farmers who have been subjected to unfair trade practices – fully funded by the tariffs paid by China.
China lifted its ban on poultry, opened its market to beef, and agreed to purchase at least $80 billion of American agricultural products in the next two years.
The European Union agreed to increase beef imports by 180 percent and opened up its market to more imports of soybeans.
South Korea lifted its ban on American poultry and eggs, and agreed to provide market access for record exports of American rice.
Argentina lifted its ban on American pork.
Brazil agreed to increase wheat imports by $180 million a year and raised its quotas for purchases of United States ethanol.
Guatemala and Tunisia opened up their markets to American eggs.
Won tariff exemptions in Ecuador for wheat and soybeans.
Suspended $817 million in trade preferences for Thailand under the Generalized System of Preferences (GSP) program due to its failure to adequately provide reasonable market access for American pork products.
The amount of food stamps redeemed at farmers markets increased from $1.4 million in May 2020 to $1.75 million in September 2020 – a 50 percent increase over last year.
Rapidly deployed the Coronavirus Food Assistance Program, which provided $30 billion in support to farmers and ranchers facing decreased prices and market disruption when COVID-19 impacted the food supply chain.
Authorized more than $6 billion for the Farmers to Families Food Box program, which delivered over 128 million boxes of locally sourced, produce, meat, and dairy products to charity and faith-based organizations nationwide.
Delegated authorities via the Defense Production Act to protect breaks in the American food supply chain as a result of COVID-19.

American Energy Independence

Unleashed America’s oil and natural gas potential.

For the first time in nearly 70 years, the United States has become a net energy exporter.
The United States is now the number one producer of oil and natural gas in the world.
Natural gas production reached a record-high of 34.9 quads in 2019, following record high production in 2018 and in 2017.
The United States has been a net natural gas exporter for three consecutive years and has an export capacity of nearly 10 billion cubic feet per day.
Withdrew from the unfair, one-sided Paris Climate Agreement.
Canceled the previous administration’s Clean Power Plan, and replaced it with the new Affordable Clean Energy rule.
Approved the Keystone XL and Dakota Access pipelines.
Opened up the Arctic National Wildlife Refuge (ANWR) in Alaska to oil and gas leasing.
Repealed the last administration’s Federal Coal Leasing Moratorium, which prohibited coal leasing on Federal lands.
Reformed permitting rules to eliminate unnecessary bureaucracy and speed approval for mines.
Fixed the New Source Review permitting program, which punished companies for upgrading or repairing coal power plants.
Fixed the Environmental Protection Agency’s (EPA) steam electric and coal ash rules.
The average American family saved $2,500 a year in lower electric bills and lower prices at the gas pump.
Signed legislation repealing the harmful Stream Protection Rule.
Reduced the time to approve drilling permits on public lands by half, increasing permit applications to drill on public lands by 300 percent.
Expedited approval of the NuStar’s New Burgos pipeline to export American gasoline to Mexico.
Streamlined Liquefied natural gas (LNG) terminal permitting and allowed long-term LNG export authorizations to be extended through 2050.
The United States is now among the top three LNG exporters in the world.
Increased LNG exports five-fold since January 2017, reaching an all-time high in January 2020.
LNG exports are expected to reduce the American trade deficit by over $10 billion.
Granted more than 20 new long-term approvals for LNG exports to non-free trade agreement countries.
The development of natural gas and LNG infrastructure in the United States is providing tens of thousands of jobs, and has led to the investment of tens of billions of dollars in infrastructure.
There are now 6 LNG export facilities operating in the United States, with 2 additional export projects under construction.
The amount of nuclear energy production in 2019 was the highest on record, through a combination of increased capacity from power plant upgrades and shorter refueling and maintenance cycles.
Prevented Russian energy coercion across Europe through various lines of effort, including the Partnership for Transatlantic Energy Cooperation, civil nuclear deals with Romania and Poland, and opposition to Nord Stream 2 pipeline.
Issued the Presidential Permit for the A2A railroad between Canada and Alaska, providing energy resources to emerging markets.

Increased access to our country’s abundant natural resources in order to achieve energy independence.

Renewable energy production and consumption both reached record highs in 2019.
Enacted policies that helped double the amount of electricity generated by solar and helped increase the amount of wind generation by 32 percent from 2016 through 2019.
Accelerated construction of energy infrastructure to ensure American energy producers can deliver their products to the market.
Cut red tape holding back the construction of new energy infrastructure.
Authorized ethanol producers to sell E15 year-round and allowed higher-ethanol gasoline to be distributed from existing pumps at filling stations.
Ensured greater transparency and certainty in the Renewable Fuel Standard (RFS) program.
Negotiated leasing capacity in the Strategic Petroleum Reserve to Australia, providing American taxpayers a return on this infrastructure investment.
Signed an executive order directing Federal agencies to work together to diminish the capability of foreign adversaries to target our critical electric infrastructure.
Reformed Section 401 of the Clean Water Act regulation to allow for the curation of interstate infrastructure.
Resolved the OPEC (Organization of the Petroleum Exporting Countries) oil crisis during COVID-19 by getting OPEC, Russia, and others to cut nearly 10 million barrels of production a day, stabilizing world oil prices.
Directed the Department of Energy to use the Strategic Petroleum Reserve to mitigate market volatility caused by COVID-19.

Investing in America’s Workers and Families

Affordable and high-quality Child Care for American workers and their families.

Doubled the Child Tax Credit from $1,000 to $2,000 per child and expanded the eligibility for receiving the credit.
Nearly 40 million families benefitted from the child tax credit (CTC), receiving an average benefit of $2,200 – totaling credits of approximately $88 billion.
Signed the largest-ever increase in Child Care and Development Block Grants – expanding access to quality, affordable child care for more than 800,000 low-income families.
Secured an additional $3.5 billion in the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help families and first responders with child care needs.
Created the first-ever paid family leave tax credit for employees earning $72,000 or less.
Signed into law 12-weeks of paid parental leave for Federal workers.
Signed into law a provision that enables new parents to withdraw up to $5,000 from their retirement accounts without penalty when they give birth to or adopt a child.

Advanced apprenticeship career pathways to good-paying jobs.

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Expanded apprenticeships to more than 850,000 and established the new Industry-Recognized Apprenticeship programs in new and emerging fields.
Established the National Council for the American Worker and the American Workforce Policy Advisory Board.
Over 460 companies have signed the Pledge to America’s Workers, committing to provide more than 16 million job and training opportunities.
Signed an executive order that directs the Federal government to replace outdated degree-based hiring with skills-based hiring.

Advanced women’s economic empowerment.

Included women’s empowerment for the first time in the President’s 2017 National Security Strategy.
Signed into law key pieces of legislation, including the Women, Peace, and Security Act and the Women Entrepreneurship and Economic Empowerment Act.
Launched the Women’s Global Development and Prosperity (W-GDP) Initiative – the first-ever whole-of-government approach to women’s economic empowerment that has reached 24 million women worldwide.
Established an innovative new W-GDP Fund at USAID.
Launched the Women Entrepreneurs Finance Initiative (We-Fi) with 13 other nations.
Announced a $50 million donation on behalf of the United States to We-Fi providing more capital to women-owned businesses around the world.
Released the first-ever Strategy on Women, Peace, and Security, which focused on increasing women’s participation to prevent and resolve conflicts.
Launched the W-GDP 2x Global Women’s Initiative with the Development Finance Corporation, which has mobilized more than $3 billion in private sector investments over three years.

Ensured American leadership in technology and innovation.

First administration to name artificial intelligence, quantum information science, and 5G communications as national research and development priorities.
Launched the American Broadband Initiative to promote the rapid deployment of broadband internet across rural America.
Made 100 megahertz of crucial mid-band spectrum available for commercial operations, a key factor to driving widespread 5G access across rural America.
Launched the American AI Initiative to ensure American leadership in artificial intelligence (AI), and established the National AI Initiative Office at the White House.
Established the first-ever principles for Federal agency adoption of AI to improve services for the American people.
Signed the National Quantum Initiative Act establishing the National Quantum Coordination Office at the White House to drive breakthroughs in quantum information science.
Signed the Secure 5G and Beyond Act to ensure America leads the world in 5G.
Launched a groundbreaking program to test safe and innovative commercial drone operations nationwide.
Issued new rulemaking to accelerate the return of American civil supersonic aviation.
Committed to doubling investments in AI and quantum information science (QIS) research and development.
Announced the establishment of $1 billion AI and quantum research institutes across America.
Established the largest dual-use 5G test sites in the world to advance 5G commercial and military innovation.
Signed landmark Prague Principles with America’s allies to advance the deployment of secure 5G telecommunications networks.
Signed first-ever bilateral AI cooperation agreement with the United Kingdom.
Built collation among allies to ban Chinese Telecom Company Huawei from their 5G infrastructure.

Preserved American jobs for American workers and rejected the importation of cheap foreign labor.

Pressured the Tennessee Valley Authority (TVA) to reverse their decision to lay off over 200 American workers and replace them with cheaper foreign workers.
Removed the TVA Chairman of the Board and a TVA Board Member.

Life-Saving Response to the China Virus

Restricted travel to the United States from infected regions of the world.

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Suspended all travel from China, saving thousands of lives.
Required all American citizens returning home from designated outbreak countries to return through designated airports with enhanced screening measures, and to undergo a self-quarantine.
Announced further travel restrictions on Iran, the Schengen Area of Europe, the United Kingdom, Ireland, and Brazil.
Issued travel advisory warnings recommending that American citizens avoid all international travel.
Reached bilateral agreements with Mexico and Canada to suspend non-essential travel and expeditiously return illegal aliens.
Repatriated over 100,000 American citizens stranded abroad on more than 1,140 flights from 136 countries and territories.
Safely transported, evacuated, treated, and returned home trapped passengers on cruise ships.
Took action to authorize visa sanctions on foreign governments who impede our efforts to protect American citizens by refusing or unreasonably delaying the return of their own citizens, subjects, or residents from the United States.

Acted early to combat the China Virus in the United States.

Established the White House Coronavirus Task Force, with leading experts on infectious diseases, to manage the Administration’s efforts to mitigate the spread of COVID-19 and to keep workplaces safe.
Pledged in the State of the Union address to “take all necessary steps to safeguard our citizens from the Virus,” while the Democrats’ response made not a single mention of COVID-19 or even the threat of China.
Declared COVID-19 a National Emergency under the Stafford Act.
Established the 24/7 FEMA National Response Coordination Center.
Released guidance recommending containment measures critical to slowing the spread of the Virus, decompressing peak burden on hospitals and infrastructure, and diminishing health impacts.
Implemented strong community mitigation strategies to sharply reduce the number of lives lost in the United States down from experts’ projection of up to 2.2 million deaths in the United States without mitigation.
Halted American funding to the World Health Organization to counter its egregious bias towards China that jeopardized the safety of Americans.
Announced plans for withdrawal from the World Health Organization and redirected contribution funds to help meet global public health needs.
Called on the United Nations to hold China accountable for their handling of the virus, including refusing to be transparent and failing to contain the virus before it spread.

Re-purposed domestic manufacturing facilities to ensure frontline workers had critical supplies.

Distributed billions of pieces of Personal Protective Equipment, including gloves, masks, gowns, and face shields.
Invoked the Defense Production Act over 100 times to accelerate the development and manufacturing of essential material in the USA.
Made historic investments of more than $3 billion into the industrial base.
Contracted with companies such as Ford, General Motors, Philips, and General Electric to produce ventilators.
Contracted with Honeywell, 3M, O&M Halyard, Moldex, and Lydall to increase our Nation’s production of N-95 masks.
The Army Corps of Engineers built 11,000 beds, distributed 10,000 ventilators, and surged personnel to hospitals.
Converted the Javits Center in New York into a 3,000-bed hospital, and opened medical facilities in Seattle and New Orleans.
Dispatched the USNS Comfort to New York City, and the USNS Mercy to Los Angeles.
Deployed thousands of FEMA employees, National Guard members, and military forces to help in the response.
Provided support to states facing new emergences of the virus, including surging testing sites, deploying medical personnel, and advising on mitigation strategies.
Announced Federal support to governors for use of the National Guard with 100 percent cost-share.
Established the Supply Chain Task Force as a “control tower” to strategically allocate high-demand medical supplies and PPE to areas of greatest need.
Requested critical data elements from states about the status of hospital capacity, ventilators, and PPE.
Executed nearly 250 flights through Project Air Bridge to transport hundreds of millions of surgical masks, N95 respirators, gloves, and gowns from around the world to hospitals and facilities throughout the United States.
Signed an executive order invoking the Defense Production Act to ensure that Americans have a reliable supply of products like beef, pork, and poultry.
Stabilized the food supply chain restoring the Nation’s protein processing capacity through a collaborative approach with Federal, state, and local officials and industry partners.
The continued movement of food and other critical items of daily life distributed to stores and to American homes went unaffected.

Replenished the depleted Strategic National Stockpile.

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Increased the number of ventilators nearly ten-fold to more than 153,000.
Despite the grim projections from the media and governors, no American who has needed a ventilator has been denied a ventilator.
Increased the number of N95 masks fourteen-fold to more than 176 million.
Issued an executive order ensuring critical medical supplies are produced in the United States.

Created the largest, most advanced, and most innovative testing system in the world.

Built the world’s leading testing system from scratch, conducting over 200 million tests – more than all of the European Union combined.
Engaged more than 400 test developers to increase testing capacity from less than 100 tests per day to more than 2 million tests per day.
Slashed red tape and approved Emergency Use Authorizations for more than 300 different tests, including 235 molecular tests, 63 antibody tests, and 11 antigen tests.
Delivered state-of-the-art testing devices and millions of tests to every certified nursing home in the country.
Announced more flexibility to Medicare Advantage and Part D plans to waive cost-sharing for tests.
Over 2,000 retail pharmacy stores, including CVS, Walmart, and Walgreens, are providing testing using new regulatory and reimbursement options.
Deployed tens of millions of tests to nursing homes, assisted living facilities, historically black colleges and universities (HBCUs), tribes, disaster relief operations, Home Health/Hospice organizations, and the Veterans Health Administration.
Began shipping 150 million BinaxNOW rapid tests to states, long-term care facilities, the IHS, HBCUs, and other key partners.

Pioneered groundbreaking treatments and therapies that reduced the mortality rate by 85 percent, saving over 2 million lives.

The United States has among the lowest case fatality rates in the entire world.
The Food and Drug Administration (FDA) launched the Coronavirus Treatment Acceleration Program to expedite the regulatory review process for therapeutics in clinical trials, accelerate the development and publication of industry guidance on developing treatments, and utilize regulatory flexibility to help facilitate the scaling-up of manufacturing capacity.
More than 370 therapies are in clinical trials and another 560 are in the planning stages.
Announced $450 million in available funds to support the manufacturing of Regeneron’s antibody cocktail.
Shipped tens of thousands of doses of the Regeneron drug.
Authorized an Emergency Use Authorization (EUA) for convalescent plasma.
Treated around 100,000 patients with convalescent plasma, which may reduce mortality by 50 percent.
Provided $48 million to fund the Mayo Clinic study that tested the efficacy of convalescent plasma for patients with COVID-19.
Made an agreement to support the large-scale manufacturing of AstraZeneca’s cocktail of two monoclonal antibodies.
Approved Remdesivir as the first COVID-19 treatment, which could reduce hospitalization time by nearly a third.
Secured more than 90 percent of the world’s supply of Remdesivir, enough to treat over 850,000 high-risk patients.
Granted an EUA to Eli Lilly for its anti-body treatments.
Finalized an agreement with Eli Lilly to purchase the first doses of the company’s investigational antibody therapeutic.
Provided up to $270 million to the American Red Cross and America’s Blood Centers to support the collection of up to 360,000 units of plasma.
Launched a nationwide campaign to ask patients who have recovered from COVID-19 to donate plasma.
Announced Phase 3 clinical trials for varying types of blood thinners to treat adults diagnosed with COVID-19.
Issued an EUA for the monoclonal antibody therapy bamlanivimab.
FDA issued an EUA for casirivimab and imdevimab to be administered together.
Launched the COVID-19 High Performance Computing Consortium with private sector and academic leaders unleashing America’s supercomputers to accelerate coronavirus research.

Brought the full power of American medicine and government to produce a safe and effective vaccine in record time.

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Launched Operation Warp Speed to initiate an unprecedented drive to develop and make available an effective vaccine by January 2021.
Pfizer and Moderna developed two vaccines in just nine months, five times faster than the fastest prior vaccine development in American history.
Pfizer and Moderna’s vaccines are approximately 95 effective – far exceeding all expectations.
AstraZeneca and Johnson & Johnson also both have promising candidates in the final stage of clinical trials.
The vaccines will be administered within 24 hours of FDA-approval.
Made millions of vaccine doses available before the end of 2020, with hundreds of millions more to quickly follow.
FedEx and UPS will ship doses from warehouses directly to local pharmacies, hospitals, and healthcare providers.
Finalized a partnership with CVS and Walgreens to deliver vaccines directly to residents of nursing homes and long-term care facilities as soon as a state requests it, at no cost to America’s seniors.
Signed an executive order to ensure that the United States government prioritizes getting the vaccine to American citizens before sending it to other nations.
Provided approximately $13 billion to accelerate vaccine development and to manufacture all of the top candidates in advance.
Provided critical investments of $4.1 billion to Moderna to support the development, manufacturing, and distribution of their vaccines.
Moderna announced its vaccine is 95 percent effective and is pending FDA approval.
Provided Pfizer up to $1.95 billion to support the mass-manufacturing and nationwide distribution of their vaccine candidate.
Pfizer announced its vaccine is 95 percent effective and is pending FDA approval.
Provided approximately $1 billion to support the manufacturing and distribution of Johnson & Johnson’s vaccine candidate.
Johnson & Johnson’s vaccine candidate reached the final stage of clinical trials.
Made up to $1.2 billion available to support AstraZeneca’s vaccine candidate.
AstraZeneca’s vaccine candidate reached the final stage of clinical trials.
Made an agreement to support the large-scale manufacturing of Novavax’s vaccine candidate with 100 million doses expected.
Partnered with Sanofi and GSK to support large-scale manufacturing of a COVID-19 investigational vaccine.
Awarded $200 million in funding to support vaccine preparedness and plans for the immediate distribution and administration of vaccines.
Provided $31 million to Cytvia for vaccine-related consumable products.
Under the PREP Act, issued guidance authorizing qualified pharmacy technicians to administer vaccines.
Announced that McKesson Corporation will produce store, and distribute vaccine ancillary supply kits on behalf of the Strategic National Stockpile to help healthcare workers who will administer vaccines.
Announced partnership with large-chain, independent, and regional pharmacies to deliver vaccines.

Prioritized resources for the most vulnerable Americans, including nursing home residents.

Quickly established guidelines for nursing homes and expanded telehealth opportunities to protect vulnerable seniors.
Increased surveillance, oversight, and transparency of all 15,417 Medicare and Medicaid nursing homes by requiring them to report cases of COVID-19 to all residents, their families, and the Centers for Disease Control and Prevention (CDC).
Required that all nursing homes test staff regularly.
Launched an unprecedented national nursing home training curriculum to equip nursing home staff with the knowledge they need to stop the spread of COVID-19.
Delivered $81 million for increased inspections and funded 35,000 members of the Nation Guard to deliver critical supplies to every Medicare-certified nursing homes.
Deployed Federal Task Force Strike Teams to provide onsite technical assistance and education to nursing homes experiencing outbreaks.
Distributed tens of billions of dollars in Provider Relief Funds to protect nursing homes, long-term care facilities, safety-net hospitals, rural hospitals, and communities hardest hit by the virus.
Released 1.5 million N95 respirators from the Strategic National Stockpile for distribution to over 3,000 nursing home facilities.
Directed the White House Opportunity and Revitalization Council to refocus on underserved communities impacted by the coronavirus.
Required that testing results reported include data on race, gender, ethnicity, and ZIP code, to ensure that resources were directed to communities disproportionately harmed by the virus.
Ensured testing was offered at 95 percent of Federally Qualified Health Centers (FQHC), which serve over 29 million patients in 12,000 communities across the Nation.
Invested an unprecedented $8 billion in tribal communities.
Maintained safe access for Veterans to VA healthcare throughout the COVID-19 Pandemic and supported non-VA hospital systems and private and state-run nursing homes with VA clinical teams.
Signed legislation ensuring no reduction of VA education benefits under the GI Bill for online distance learning.

Supported Americans as they safely return to school and work.

Issued the Guidelines for Opening Up America Again, a detailed blueprint to help governors as they began reopening the country. Focused on protecting the most vulnerable and mitigating the risk of any resurgence, while restarting the economy and allowing Americans to safely return to their jobs.
Helped Americans return to work by providing extensive guidance on workplace-safety measures to protect against COVID-19, and investigating over 10,000 coronavirus-related complaints and referrals.
Provided over $31 billion to support elementary and secondary schools.
Distributed 125 million face masks to school districts.
Provided comprehensive guidelines to schools on how to protect and identify high-risk individuals, prevent the spread of COVID-19, and conduct safe in-person teaching.
Brought back the safe return of college athletics, including Big Ten and Pac-12 football.

Rescued the American economy with nearly $3.4 trillion in relief, the largest financial aid package in history.

Secured an initial $8.3 billion Coronavirus Preparedness and Response Act, supporting the development of treatments and vaccines, and to procure critical medical supplies and equipment.
Signed the $100 billion Families First Coronavirus Relief Act, guaranteeing free coronavirus testing, emergency paid sick leave and family leave, Medicaid funding, and food assistance.
Signed the $2.3 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing unprecedented and immediate relief to American families, workers, and businesses.
Signed additional legislation providing nearly $900 billion in support for coronavirus emergency response and relief, including critically needed funds to continue the Paycheck Protection Program.
Signed the Paycheck Protection Program and Healthcare Enhancement Act, adding an additional $310 billion to replenish the program.
Delivered approximately 160 million relief payments to hardworking Americans.
Through the Paycheck Protection Program, approved over $525 billion in forgivable loans to more than 5.2 million small businesses, supporting more than 51 million American jobs.
The Treasury Department approved the establishment of the Money Market Mutual Fund Liquidity Facility to provide liquidity to the financial system.
The Treasury Department, working with the Federal Reserve, was able to leverage approximately $4 trillion in emergency lending facilities.
Signed an executive order extending expanded unemployment benefits.
Signed an executive order to temporarily suspend student loan payments, evictions, and collection of payroll taxes.
Small Business Administration expanded access to emergency economic assistance for small businesses, faith-based, and religious entities.
Protected jobs for American workers impacted by COVID-19 by temporarily suspending several job-related nonimmigrant visas, including H-1B’s, H-2B’s without a nexus to the food-supply chain, certain H-4’s, as well as L’s and certain J’s.

Great Healthcare for Americans

Empowered American patients by greatly expanding healthcare choice, transparency, and affordability.

Eliminated the Obamacare individual mandate – a financial relief to low and middle-income households that made up nearly 80 percent of the families who paid the penalty for not wanting to purchase health insurance.
Increased choice for consumers by promoting competition in the individual health insurance market leading to lower premiums for three years in a row.
Under the Trump Administration, more than 90 percent of the counties have multiple options on the individual insurance market to choose from.
Offered Association Health Plans, which allow employers to pool together and offer more affordable, quality health coverage to their employees at up to 30 percent lower cost.
Increased availability of short-term, limited-duration health plans, which can cost up to 60 percent less than traditional plans, giving Americans more flexibility to choose plans that suit their needs.
Expanded Health Reimbursement Arrangements, allowing millions of Americans to be able to shop for a plan of their choice on the individual market, and then have their employer cover the cost.
Added 2,100 new Medicare Advantage plan options since 2017, a 76 percent increase.
Lowered Medicare Advantage premiums by 34 percent nationwide to the lowest level in 14 years. Medicare health plan premium savings for beneficiaries have totaled $nearly 1.5 billion since 2017.
Improved access to tax-free health savings accounts for individuals with chronic conditions.
Eliminated costly Obamacare taxes, including the health insurance tax, the medical device tax, and the “Cadillac tax.”
Worked with states to create more flexibility and relief from oppressive Obamacare regulations, including reinsurance waivers to help lower premiums.
Released legislative principles to end surprise medical billing.
Finalized requirements for unprecedented price transparency from hospitals and insurance companies so patients know what the cost is before they receive care.
Took action to require that hospitals make the prices they negotiate with insurers publicly available and easily accessible online.
Improved patients access to their health data by penalizing hospitals and causing clinicians to lose their incentive payments if they do not comply.
Expanded access to telehealth, especially in rural and underserved communities.
Increased Medicare payments to rural hospitals to stem a decade of rising closures and deliver enhanced access to care in rural areas.

Issued unprecedented reforms that dramatically lowered the price of prescription drugs.

Lowered drug prices for the first time in 51 years.
Launched an initiative to stop global freeloading in the drug market.
Finalized a rule to allow the importation of prescription drugs from Canada.
Finalized the Most Favored Nation Rule to ensure that pharmaceutical companies offer the same discounts to the United States as they do to other nations, resulting in an estimated $85 billion in savings over seven years and $30 billion in out-of-pocket costs alone.
Proposed a rule requiring federally funded health centers to pass drug company discounts on insulin and Epi-Pens directly to patients.
Ended the gag clauses that prevented pharmacists from informing patients about the best prices for the medications they need.
Ended the costly kickbacks to middlemen and ensured that patients directly benefit from available discounts at the pharmacy counter, saving Americans up to 30 percent on brand name pharmaceuticals.
Enhanced Part D plans to provide many seniors with Medicare access to a broad set of insulins at a maximum $35 copay for a month’s supply of each type of insulin.
Reduced Medicare Part D prescription drug premiums, saving beneficiaries nearly $2 billion in premium costs since 2017.
Ended the Unapproved Drugs Initiative, which provided market exclusivity to generic drugs.

Promoted research and innovation in healthcare to ensure that American patients have access to the best treatment in the world.

President Donald J. Trump: Still the Greatest President of the Modern Era!

Gary Alan

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