Successes in President Trump's first year

Published On: January 21, 2018 12:03 AM NPT By: Republica  | @RepublicaNepal

Donald Trump has presided over the most buoyant economic conditions of any recent U.S. president in his first year, but his unpopularity could prevent him from capitalizing on it in November’s midterm election.

Trump has achieved some substantive goals, including passing a significant tax cut, appointing Supreme Court Justice Neil Gorsuch and defeating so-called Islamic State in Syria.

However, his job approval rating from Gallup remains stuck below 40 percent -- the lowest since President Bill Clinton in 1993. Congress has passed the most sweeping overhaul of the U.S. tax system in more than 30 years, cutting the corporate rate from 35 percent to 21 percent. Tech giant Apple responds pledging to pay about $38 billion (€31.1 bn, £27.3bn) in tax on the $250bn cash pile it holds outside the U.S.  

Trump has also rolled back 67 of President Obama-era regulations, stimulating businesses and fueling a $5.4 billion rise in stock market value. Trump ended 2017 with more than 1.8 million new jobs -- but jobs growth trails Obama’s record in five of last eight years. The economy expanded by at least 3 percent for two quarters in a row.

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