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How Americans' lives have changed in the last year

The new administration has made a major impact in its first year

How Americans' lives have changed in the last year

The new administration has made a major impact in its first year

Advertisement
How Americans' lives have changed in the last year

The new administration has made a major impact in its first year

A lot can happen in 12 months.At the one-year mark since his inauguration, President Donald Trump has prompted changes ranging from how much money people will see in their paychecks to how the world reacts to nuclear threats.These are some of the policies and developments that most affect citizens and what they could mean for 2018.Tax reform is hereHis biggest triumph was delivering on tax reform. The law chops the corporate tax rate from 35 to 21 percent, and Republicans say it promises relief to middle class families.The IRS says Americans will begin to see less of a bite out of their paychecks via withholding beginning in February, though the bill won바카라 게임 웹사이트t have an effect on how Americans file their 2017 taxes. Changes such as doubled standard deductions and increased child-tax credits won바카라 게임 웹사이트t be felt until you file your 2018 taxes a year from now. On the flip side, this will be the last year for personal exemptions and many others, and there are limits on state and local tax deductions. Beyond this year and next, the bill is also expected to add nearly $1.5 trillion to the deficit, but the White House says that will be negated by growth it says the law will spark.The bill, however, had an immediate impact with some employees, as companies such as AT&T and Comcast gave employees bonuses and raises. The White House expects to see more companies use tax savings to invest in America. The markets continue to boom, but is a bust on the way?In a year of below-average popularity ratings, Trump has had indisputably successful economic numbers to point to, especially when it comes to the stock market. The Dow Jones Industrial Average broke 26,000 for the first time in a year of all-time highs while the S&P 500 soared. The only presidents with better growth in their first years were Franklin D. Roosevelt and Barack Obama, who each inherited dire economies that had nowhere to go but up. Experts believe the economy will continue to expand in 2018, but we바카라 게임 웹사이트re in the 바카라 게임 웹사이트later innings바카라 게임 웹사이트 of the current expansion. If we are indeed on the cusp of a recession, that would prove to be one of the Trump administration바카라 게임 웹사이트s greatest challenges to overcome, given that the economy has been its biggest success.Obamacare is 'dead' and aliveTrump declared Obamacare 바카라 게임 웹사이트dead바카라 게임 웹사이트 after December바카라 게임 웹사이트s GOP tax bill eliminated the controversial individual mandate, which required most Americans to have health insurance or face fines. But the Affordable Care Act remains the law of the land, even after a year of attempts to destroy or weaken it.After the Senate repeated failed to repeal and replace Obamacare, Trump signed an executive order he says will increase competition and choice. It aims to allow small businesses to join together to buy coverage, offer younger and healthier people cheaper plans with fewer benefits and facilitate sales of plans across state lines. Regulations are still being hashed out for Trump바카라 게임 웹사이트s executive action.Critics say the plan, coupled now with the elimination of the individual mandate, will destabilize insurance markets and increase premiums for the sickest Americans. In 2018, the number of uninsured rose by 3.2 million, a modest increase, but notable after years of more and more people getting on insurance rolls. Expect that number to rise even more in 2018, now that the mandate is gone.America at workMore Americans are working, as well. In December, the unemployment rate stayed at 4.1 percent 바카라 게임 웹사이트 a 17-year-low 바카라 게임 웹사이트 and the black unemployment rate dropped to a record low of 6.8 percent. The figures indicate the economy is near full employment and continue and positive job market trend that began under Obama. Employers have hired more people than they바카라 게임 웹사이트ve fired for 87 months in a row. Under both presidents, however, wages have been slow to grow. The new tax bill could spur improved wages, though that's ultimately up to how companies spend their money.Nuclear fears rear their headOn Jan. 13, a false alarm alert was sent to Hawaii residents saying that a ballistic missile was incoming and to seek shelter immediately. Some didn바카라 게임 웹사이트t learn the alert was mistakenly sent for nearly an hour, and the island was in a panic. The threat felt even more real because, for the first time since perhaps the fall of the Soviet Union, nuclear war feels closer than ever. As North Korea conducted a series of missile tests and major developments in its nuclear program were revealed in 2017, a war of words escalated between Trump and his North Korean counterpart. The president vowed "fire and fury" if the North's provocations continue and made strong denunciations of the regime in a United Nations speech.Multiple polls show Americans have concerns over a possible missile attack from North Korea, and the reaction in Hawaii showed just how on edge people are. Those fears may ease some as North Korea has struck a more peaceable tone in recent weeks, specifically with neighbor South Korea, where it is sending a delegation for the Winter Olympics. But the threat from Kim Jong Un and the White House's response will likely remain the nation's top foreign policy issue heading into 2018.

A lot can happen in 12 months.

At the one-year mark since his inauguration, President Donald Trump has prompted changes ranging from how much money people will see in their paychecks to how the world reacts to nuclear threats.

Advertisement

Related Content

These are some of the policies and developments that most affect citizens and what they could mean for 2018.

Tax reform is here

His biggest triumph was delivering on tax reform. The law chops the corporate tax rate from 35 to 21 percent, and Republicans say it promises relief to middle class families.

The IRS says Americans will begin to see less of a bite out of their paychecks via withholding beginning in February, though the bill won바카라 게임 웹사이트t have an effect on how Americans file their 2017 taxes. Changes such as doubled standard deductions and increased child-tax credits won바카라 게임 웹사이트t be felt until you file your 2018 taxes a year from now. On the flip side, this will be the last year for personal exemptions and many others, and there are limits on state and local tax deductions. Beyond this year and next, the bill is also expected to add nearly $1.5 trillion to the deficit, but the White House says that will be negated by growth it says the law will spark.

The bill, however, had an immediate impact with some employees, as companies such as AT&T and Comcast gave employees bonuses and raises. The White House expects to see more companies use tax savings to invest in America.

President Donald Trump displays the $1.5 trillion tax overhaul package he had just signed, Friday, Dec. 22, 2017, in the Oval Office of the White House in Washington. 
AP Photo/Evan Vucci
President Donald Trump displays the $1.5 trillion tax overhaul package he had just signed, Friday, Dec. 22, 2017, in the Oval Office of the White House in Washington. 

The markets continue to boom, but is a bust on the way?

In a year of below-average popularity ratings, Trump has had indisputably successful economic numbers to point to, especially when it comes to the stock market. The Dow Jones Industrial Average broke 26,000 for the first time in a year of all-time highs while the S&P 500 soared. The only presidents with better growth in their first years were Franklin D. Roosevelt and Barack Obama, who each inherited dire economies that had nowhere to go but up.

the economy will continue to expand in 2018, but we바카라 게임 웹사이트re in the 바카라 게임 웹사이트later innings바카라 게임 웹사이트 of the current expansion. If we are indeed on the cusp of a recession, that would prove to be one of the Trump administration바카라 게임 웹사이트s greatest challenges to overcome, given that the economy has been its biggest success.

Obamacare is 'dead' and alive

Trump declared Obamacare 바카라 게임 웹사이트dead바카라 게임 웹사이트 after December바카라 게임 웹사이트s GOP tax bill eliminated the controversial individual mandate, which required most Americans to have health insurance or face fines. But the Affordable Care Act remains the law of the land, even after a year of attempts to destroy or weaken it.

After the Senate repeated failed to repeal and replace Obamacare, Trump signed an executive order he says will increase competition and choice. It aims to allow small businesses to join together to buy coverage, offer younger and healthier people cheaper plans with fewer benefits and facilitate sales of plans across state lines. Regulations are still being hashed out for Trump바카라 게임 웹사이트s executive action.

Critics say the plan, coupled now with the elimination of the individual mandate, will destabilize insurance markets and increase premiums for the sickest Americans. In 2018, the number of uninsured , a modest increase, but notable after years of more and more people getting on insurance rolls. Expect that number to rise even more in 2018, now that the mandate is gone.

America at work

More Americans are working, as well. In December, the unemployment rate stayed at 4.1 percent 바카라 게임 웹사이트 a 17-year-low 바카라 게임 웹사이트 and the black unemployment rate dropped to a record low of 6.8 percent.

The figures indicate the economy is near full employment and continue and positive job market trend that began under Obama. Employers have hired more people than they바카라 게임 웹사이트ve fired for 87 months in a row. Under both presidents, however, wages have been slow to grow. The new tax bill could spur improved wages, though that's ultimately up to how companies spend their money.

Nuclear fears rear their head

On Jan. 13, a false alarm alert was sent to Hawaii residents saying that a ballistic missile was incoming and to seek shelter immediately. Some didn바카라 게임 웹사이트t learn the alert was mistakenly sent for nearly an hour, and the island was in a panic. The threat felt even more real because, for the first time since perhaps the fall of the Soviet Union, nuclear war feels closer than ever.

As North Korea conducted a series of missile tests and major developments in its nuclear program were revealed in 2017, a war of words escalated between Trump and his North Korean counterpart. The president vowed "fire and fury" if the North's provocations continue and made strong denunciations of the regime in a United Nations speech.

show Americans have concerns over a possible missile attack from North Korea, and the reaction in Hawaii showed just how on edge people are. Those fears may ease some as North Korea has struck a more peaceable tone in recent weeks, specifically with neighbor South Korea, where it is sending a delegation for the Winter Olympics.

But the threat from Kim Jong Un and the White House's response will likely remain the nation's top foreign policy issue heading into 2018.