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12 Months of Trump: Year since election brings economic boom, deepening divisions, probe politics


WestVirginiaRebel

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WestVirginiaRebel
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A year ago today, President-elect Donald Trump – perhaps the only politician not shocked by his historic victory – rallied supporters with a vow to apply his bigger-and-better business style to the country as a whole.

“America will no longer settle for anything less than the best,” he declared. And after a divisive election, the next commander-in-chief pledged to be “president for all Americans.”

Twelve months later, the changes are seismic.

It is indisputable that the candidate who ran as the get-things-done, board-room executive was great for Wall Street.

The Dow Jones Industrial Average has gained nearly 29 percent since Election Day 2016. The S&P 500 is up 21 percent.

After a rocky first quarter, economic growth also has picked up to around 3 percent under Trump, while the unemployment rate has dipped from 4.8 percent in January to 4.1 percent. 

Trump marked his election anniversary Wednesday with a tweet congratulating the "DEPLORABLES" who voted for him. 

The Trump team and its allies on Capitol Hill are vowing a bigger economic shot in the arm soon if they can muscle through a massive tax overhaul in the coming weeks and months – aiming to unleash growth by slashing corporate tax rates, simplifying the tax system and boosting the standard deduction.

But the deal isn’t yet sealed, and congressional leaders are cautious given their repeated failure to pass an ObamaCare overhaul as promised during the campaign.

While the president has struggled to get his legislative agenda passed on Capitol Hill, Trump often boasts of his nomination – and the successful Senate confirmation – of Neil Gorsuch to replace the late Antonin Scalia on the Supreme Court when talking up his accomplishments to conservative audiences. 

Elsewhere, 12 months of Trump have brought mounting complications.

________

The first year of Trump.

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