Trump energy reform
Also critical to our economic renewal will be Trump energy reform. The Obama-Clinton Administration has blocked and destroyed millions of jobs through their anti-energy regulations, while raising the price of electricity for both families and businesses.
As a result of recent Obama EPA actions coal-fired power plants across Michigan have either shut down entirely or undergone expensive conversions. The Obama-Clinton war on coal has cost Michigan over 50,000 jobs.
Hillary Clinton says her plan will “put a lot of coal companies and coal miners out of business.” We will put our coal miners and steel workers back to work. Clinton not only embraces President Obama’s job-killing energy restrictions but wants to expand them, including going after oil and natural gas production that employs some 10 million Americans.
According to the Heritage Foundation, by 2030, the Obama-Clinton energy restrictions will eliminate another half a million manufacturing jobs, reduce economic output by $2.5 trillion dollars, and reduce incomes by $7,000 dollars per person.
Trump energy reform will end this war on the American worker, and unleash an Trump energy reform revolution that will bring vast new wealth to our country.
According to the Institute for Energy Research, lifting the restrictions on all sources of American energy will:
•Increase GDP by more than $100 billion dollars annually, add over 500,000 new jobs annually, and increase annual wages by more than $30 billion dollars over the next 7 years;
•Increase federal, state, and local tax revenues by almost $6 trillion dollars over 4 decades;
•Increase totaleconomic activity by more than $20 trillion dollars over the next 40 years.
The reforms I have outlined today are only the beginning
When we reform our tax, trade, energy and regulatory policies, we will open a new chapter in American Prosperity.
We can use this new wealth to rebuild our military and our infrastructure.
As part of this new future, we will also be rolling out proposals to increase choice and reduce cost in childcare, offering much-needed relief to American families. I will unveil my plan on this in the coming weeks that I have been working on with my daughter Ivanka and an incredible team of experts.
Likewise, our education reforms will help parents send their kids to a school of their choice. We will also give our police and law enforcement the funds and support they need to restore law and order to this country. Without security, there can be no prosperity. We must have law and order.
In the coming days, we will be rolling out plans on all of these items. One of my first acts as President will be to repeal and replace disastrous Obamacare, saving another 2 million American jobs.
We will also rebuild our military, and get our allies to pay their fair share for the protection we provide – saving us countless more billions to invest in our own country.
We also have a plan, on our website, for a complete reform of the Veterans Health Administration. This is something so desperately needed to make sure our vets are fully supported and get the care they deserve.