On tax day, Amer­ica is stronger than ever

Pay­checks are climb­ing. Busi­nesses are in­vest­ing.

USA TODAY International Edition - - NEWS | OPINION - Don­ald Trump Don­ald Trump is the 45th pres­i­dent of the United States.

Tues­day is a day hard­work­ing Amer­i­cans may dread more than any other. Tax Day. A day that in­di­vid­u­als and fam­i­lies, small busi­ness own­ers and part-time work­ers strug­gle to con­quer a bur­den­some, com­plex and ex­tremely un­fair tax code to de­ter­mine how much money they owe the gov­ern­ment.

But we are chang­ing Tax Day for Amer­i­cans across the coun­try.

This is the last year Amer­i­cans will fill out out­dated, com­pli­cated tax forms. In the years ahead, be­cause I signed one of the largest tax cuts in his­tory and the most sweep­ing tax re­form in a gen­er­a­tion, many Amer­i­cans will com­plete their taxes on a sim­ple, sin­gle sheet of pa­per. Re­mark­ably, Congress had to pass this crit­i­cal leg­is­la­tion with­out a sin­gle Demo­crat’s vote.

A typ­i­cal fam­ily of four earn­ing $73,000 a year can ex­pect to see an in­come tax cut of more than $2,000 when they file their tax re­turn in 2019 — slash­ing their in­come tax bill in half. The stan­dard de­duc­tion has been nearly dou­bled, so now twice as much in­come is earned tax-free. The tax law also dou­bled the child tax credit and low­ers rates across the board for hard­work­ing fam­i­lies.

I made sure the IRS acted quickly to de­liver some of the ben­e­fits to Amer­i­cans. As a re­sult, Amer­i­cans be­gan to see big­ger pay­checks as early as Fe­bru­ary. And more sav­ings are on the way.

Amer­ica’s com­pet­i­tive edge has also been re­stored. We sig­nif­i­cantly cut our cor­po­rate tax rate from one of the high­est in the de­vel­oped world, which means that Amer­i­can work­ers and busi­nesses are fi­nally able to win again against for­eign com­peti­tors. We know that when Amer­i­can work­ers com­pete on a level play­ing field, Amer­i­can work­ers win.

We have al­ready cre­ated 3 mil­lion jobs since the elec­tion — in­clud­ing more than 290,000 new jobs in man­u­fac­tur­ing and more than 75,000 in min­ing and log­ging jobs.

On the an­nounce­ment of my sign­ing this his­toric tax re­form, com­pa­nies im­me­di­ately started an­nounc­ing thou­sands of new jobs and mak­ing enor­mous in­vest­ments in their work­ers. Un­em­ploy­ment claims have reached a 44-year low. Af­ter years of wage stag­na­tion, real wages are ris­ing.

Ap­ple will in­vest $350 bil­lion in the U.S. econ­omy over the next five years, in­clud­ing $30 bil­lion as a di­rect re­sult of the tax cuts. Fiat Chrysler an­nounced that 2,500 jobs are com­ing back to near the Mo­tor City. And mil­lions of work­ers re­ceived a tax cut bonus from their em­ploy­ers — pay raises, more money for re­tire­ment, or bonus checks — all be­cause of we rolled up our sleeves, put Amer­ica First, and made our tax code fairer and sim­pler.

The tax cut bill is also low­er­ing the size of Amer­i­cans’ monthly util­ity bills. Ma­jor elec­tric com­pa­nies from Cal­i­for­nia to Maine have cred­ited our tax law as the rea­son for low­er­ing their prices and giv­ing con­sumers a break.

This year also marks the last time Amer­i­cans will have to con­tend with Oba­macare’s cruel in­di­vid­ual man­date be­cause our tax law re­pealed it. These penal­ties largely hit lower-in­come and mid­dle-class Amer­i­cans — 80% of the penal­ties were paid by fam­i­lies mak­ing less than $50,000 per year.

We have also opened up the Arc­tic Na­tional Wildlife Refuge for en­ergy ex­plo­ration — some­thing lead­ers have tried to do for decades — cre­at­ing even more jobs and more en­ergy sav­ings. En­ergy ex­ports are at a record high, and net en­ergy im­ports are at their low­est level since 1982. We are at the doorstep of en­ergy in­de­pen­dence.

I want ev­ery Amer­i­can to have good jobs, ris­ing pay­checks and the op­por­tu­nity to live a life of mean­ing, pur­pose and joy. That is why I in­sisted that the tax law also cre­ate “Op­por­tu­nity Zones” that tar­get in­vest­ments in dis­tressed com­mu­ni­ties. These Op­por­tu­nity Zones will cre­ate more jobs in ar­eas of our coun­try that need them the most and ben­e­fit those whom Wash­ing­ton has too of­ten left be­hind.

On this Tax Day, Amer­ica is strong and roar­ing back. Pay­checks are climb­ing. Tax rates are go­ing down. Busi­nesses are in­vest­ing in our great coun­try. And most im­por­tant, the Amer­i­can peo­ple are win­ning.

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