Statement from Secretary of Commerce Wilbur Ross on President Donald J. Trump’s Budget: A Budget for America’s Future

President Trump’s dedication to the success of all Americans has fostered an unprecedented period of growth for our economy and created the biggest economic boom in our nation’s history. The President’s 2021 Budget for America’s Future exemplifies his bold leadership and commitment to tackling the big structural issues that will allow every American to have equal and limitless opportunities to succeed.

This budget codifies the President’s commitment to protecting the interest of American taxpayers by putting us on the path to a balanced budget, including making tough choices to balance the budget in 15 years and $4.6 trillion in deficit reduction over 10 years. By putting more money in the pockets of American’s through historic tax cuts and eliminating burdensome and unnecessary bureaucratic regulations, we can promote prosperity for all Americans for generations to come.

At the Department of Commerce, we will continue to rout out wasteful and unnecessary spending in our organization. This will ensure that we are supporting and promoting American businesses and communities to reach previously unrealized prosperity in an effective and efficient manner. Combined with this budget’s $51 billion in regulatory savings across the Federal Government, American’s will continue to have more opportunities for success because of this President than any other.

Statement of Secretary of Commerce Wilbur Ross on President Donald J. Trump's State of the Union Address

Because
of President Trump’s leadership, we are experiencing a comeback like
never before. Our great nation is strong again and Americans who need it
the most are experiencing an incredible Blue Collar Boom. From
renegotiating trade deals that work for Americans to a jobs agenda that
has led to the lowest unemployment rate in half a century, the American
Dream is being restored for millions of American workers.

The
President is producing real, measurable results that are allowing
families from Pennsylvania to California to have more money in their
pockets, more jobs than ever before, and a level playing field with
foreign trade partners that puts American jobs and workers first.The
benefits of the Phase One Deal with China, the USMCA, the two trade
agreements with Japan, and the renegotiated free trade agreement with
South Korea are allowing American workers and businesses to compete on
the world stage. African-American and Hispanic-American unemployment
rates are the lowest ever, Millennials have gained two million jobs, and
women have secured 72 percent of all new jobs in 2019. Real take home
pay for middle class families has grown by $5,000 in only three years.

The
Commerce Department is proud to work with Members of Congress from both
sides of the aisle, industry leaders, workers, and State, local, and
tribal officials to promote America’s leadership in the global
industries of the future and grow the Great American Comeback beyond
anything being projected today.