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This is my wish list for the incoming Trump administration to make America healthy, prosperous, and great again in 2025.
1. Eliminate job-killing regulations
The regulatory state imposes $2 trillion in taxes on the American economy. We all want worker safety, a clean environment, and consumer protection, but the costs of regulation often far outweigh the social benefits. President-elect Donald Trump has promised to cut 10 rules for every new one. Give it a try, Mr. President.
2. Make the Trump tax cuts permanent
As JFK, Ronald Reagan, and others have proven throughout history, lower tax rates lead to more growth, investment, and employment. President Trump's tax cuts meant that a typical family of four making $75,000 a year would have their taxes cut in half, receiving more than $2,000 in benefits. And the corporate tax rate fell from 35%, the highest in the world, to 21%, bringing jobs and capital to America. Trump has promised to make all of these tax cuts permanent. why? Because they worked almost exactly as we expected.
President Trump's economic message “resonated” with Americans, former Obama economic adviser says
3. Replace benefits with work
Growth will require more able-bodied Americans to get off welfare and into jobs. Welfare, including cash assistance, public housing, food stamps, disability benefits, unemployment benefits, and Medicaid, requires a handout, not a handout.
President-elect Donald Trump wants to address America's economic problems, and one area of focus is the recovery of America's cities. FILE: President Trump arrives to address a campaign rally in Bozeman, Montana, on Friday, August 9th. (AP/Rick Bowmer)
4. Take advantage of America's rich natural resources
America has well over $50 trillion in natural resources accessible with existing drilling and mining technologies. This is a vast treasure trove of wealth, far exceeding what any other country is endowed with. We can use royalty payments and leases to reduce our national debt and create hundreds of thousands of jobs at the same time.
5. Seek medical price transparency to reduce medical costs
One of the many ways to lower health care costs for consumers (and taxpayers, who pay half the costs) is to require hospitals, pharmacies, doctors, and clinics to display the prices they charge. The Committee to Unleash Prosperity aims to reduce health care costs by $1 trillion without compromising quality by allowing consumers to shop around for the best prices on the Internet, just as they would shop for groceries. We estimate that this could result in savings of $2 trillion. , house or car. This promotes free market competition and lowers prices.
6. Give all families school choice
Test scores are plummeting in America. Children are graduating high school without even being able to read their diplomas, if at all. America is no longer in the top 10 of many academic achievement ratings.
In the Catholic school system and in many schools, children can receive a better education for half the price.
President Trump supports universal school choice for all children, regardless of income, ethnicity or race. This is the civil rights issue of our time.
7. Implement pro-American immigration policies
President Trump is committed to securing the border, but we also need legal immigration through a merit-based immigration system. The visa system would select immigrants based on skills, talent, investment capital, English proficiency, and education level. All of these traits bode well for success in America.
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8. Revive America's great cities
From New York to Chicago to Detroit to San Francisco to Seattle, once-great American cities have started to look like war zones. Crime is rampant. Businesses, talent, and capital have fled, leaving the poorest Americans (mostly minorities) stranded with tragically limited opportunities beyond minimum-wage jobs at Walmart and McDonald's. Since 2020, our major cities have lost nearly 1 million residents. and tens of thousands of businesses.
President Trump wants to revitalize cities and abandoned rural areas through deregulation, lower taxes, changes in zoning policies and infrastructure investments.
9. Withdraw the US from the Paris Climate Change Treaty and other anti-American agreements
We must end America's participation in the globalist treaties that hurt us the most. This includes the Paris climate agreement, which imposes significant burdens on American businesses and workers, even though most other countries have failed to comply. President Trump also promised to eliminate global taxes, including Treasury Secretary Janet Yellen's global minimum tax. Do we even need the United Nations?
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10. Finally drain the swamp
There's a reason three of the five wealthiest counties in America are in or around Washington, DC. Washington DC is gaining wealth at the expense of the rest of the population. Even though the coronavirus pandemic ended three years ago, less than 10% of overpaid federal workers (more than 2 million of them) work full-time in an office. These are swamp employees who often earn salaries of more than $150,000 a year. If you don't show up, you'll be fired. and move federal agencies to other cities.
These are clearly bold aspirations for economic transformation toward freedom and free enterprise. But only Trump can accomplish that.
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