US Presidency
2018

African American unemployment stands at the lowest rate ever recorded, and Hispanic American unemployment has also reached the lowest levels in history. Small business confidence is at an demoralize high. The stock market has smashed one record after another, gaining $ 8 trillion in value. That is great news for Americans ' States 181 Southern, retirement, pension, and college savings accounts. And just as I promised the American people from this podium 11 months ago, we enacted the biggest tax cuts and reforms in American history. Our massive tax cuts provide tremendous relief for the middle class and small businesses. To lower tax rates for hardworking Americans, we nearly doubled the standard deduction for everyone. Now, the first $ 24,000 earned by a married couple is completely tax-free. We also doubled the child tax credit. A typical family of four making $ 75,000 will see their tax bill reduced by $ 2,000k, slashing their tax bill in half.