*According to the U.S. Department of the Treasury: www.treasury.gov
When Congress was unable to get the votes to completely END ObamaCare, President Trump cancelled much of ObamaCare on his own. Specifically, President Trump.
Upon President Trump’s urging, Congress ended the ObamaCare mandate that all individuals must purchase a government-approved health insurance plan, which Congress then passed.
President Trump continues to push weak Republicans in the U.S. Senate to keep their promise to completely repeal and replace ObamaCare.
[1] U.S. Bureau of Labor Statistics. “The Employment Situation – November 2019.” December 6, 2019. Available: https://www.bls.gov/news.release/pdf/empsit.pdf
[2] U.S. Bureau of Labor Statistics. “State Employment and Unemployment – October 2019.” November 19, 2019. Available: https://www.bls.gov/news.release/pdf/laus.pdf
[3] U.S. Bureau of Labor Statistics. “The Employment Situation – November 2019.” December 6, 2019. Available: https://www.bls.gov/news.release/pdf/empsit.pdf
[4] Ibid.
[5] The White House. “Out with the Old, In with the New: Tax Cuts and Reforms that Look Out for Hardworking Taxpayers.” April 17, 2018. Available: https://www.whitehouse.gov/briefings-statements/old-new-tax-cuts-reforms-look-hardworking-taxpayers/
[6] U.S. Bureau of Labor Statistics. “The Employment Situation – November 2019.” December 6, 2019. Available: https://www.bls.gov/news.release/pdf/empsit.pdf
[7] Ibid.
[8] U.S. Census Bureau. “Monthly New Residential Sales, October 2019.” November 26, 2019. Available: https://www.census.gov/construction/nrs/pdf/newressales.pdf
[9] U.S. Census Bureau. Income and Poverty in the United States: 2018. September 10, 2019. Available: https://www.census.gov/content/dam/Census/library/publications/2019/demo/p60-266.pdf
[10] Ibid.
[11] Ibid.
[12] U.S. Bureau of Economic Analysis. “Gross Domestic Product, Third Quarter 2019 (Second Estimate); Corporate Profits, Third Quarter 2019 (Preliminary Estimate).” November 27, 2019. Available: https://www.bea.gov/system/files/2019-11/gdp3q19_2nd.pdf
[13] Ibid.
[14] Ibid.
[15] S&P Dow Jones Indices LLC, S&P 500 [SP500], retrieved from FRED, Federal Reserve Bank of St. Louis. December 6, 2019. Available: https://fred.stlouisfed.org/series/SP500.
[16] Ibid.
[17] Board of Governors of the Federal Reserve System. Survey of consumer Finances. October 31, 2017. Available: https://www.federalreserve.gov/econres/scfindex.htm
[18] U.S. Bureau of Labor Statistics. “The Employment Situation – November 2019.” December 6, 2019. Available: https://www.bls.gov/news.release/pdf/empsit.pdf
[19] Congressional Budget Office. An Update to the Budget and Economic Outlook: 2016 to 2026. August 23, 2016. Available: https://www.cbo.gov/system/files/2019-04/51908-2016outlookupdateonecol-3.pdf
[20] U.S. Bureau of Labor Statistics. “The Employment Situation – November 2019.” December 6, 2019. Available: https://www.bls.gov/news.release/pdf/empsit.pdf
[21] U.S. Bureau of Labor Statistics. “Job Openings and Labor Turnover – September 2019.” November 5, 2019. Available: https://www.bls.gov/news.release/pdf/jolts.pdf
[22] Ibid.
[23] U.S. Bureau of Labor Statistics. “The Employment Situation – November 2019.” December 6, 2019. Available: https://www.bls.gov/news.release/pdf/empsit.pdf
[24] National Association of Manufacturers. “Manufacturers’ Outlook Survey: Third Quarter 2019.” September 23, 2019. Available: https://www.nam.org/wp-content/uploads/2019/09/National-Association-of-Manufacturers-Outlook-Survey-Report-Q3-2019.pdf
[25] U.S. Bureau of Economic Analysis. “Gross Domestic Product, Third Quarter 2019 (Second Estimate); Corporate Profits, Third Quarter 2019 (Preliminary Estimate).” November 27, 2019. Available: https://www.bea.gov/system/files/2019-11/gdp3q19_2nd.pdf
[26] Haver Analytics and Office of Economic Policy calculations, Statistics Canada, Institut national de la statistique et des etudes economiques, Deutsche Bundesbank, Instituto Nazionale di Statistica, Cabinet Office of Japan, U.K. Office for National Statistics.
[27] The National Bureau of Economic Research. “US Business Cycle Expansions and Contractions.” September 20, 2010. Available: https://www.nber.org/cycles.html
[28] Dmitrieva, Katia, and Laura Davison. “Corporate America is Repatriating a Fraction of Corporate Profits.” June 20, 2019. Available: https://www.bloomberg.com/news/articles/2019-06-20/corporate-america-is-repatriating-a-fraction-of-foreign-profits