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10 New Ideas to Make America’s Economy Great Again in 2025

Posted on Tuesday, December 24, 2024
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by Outside Contributor
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45 Comments
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Here’s my wish list for the incoming Trump administration to make America healthy and prosperous and great again in 2025.

1. Slash Job-Killing Regulations

The regulatory state is a $2 trillion tax on the American economy. We all want worker safety, a clean environment and consumer protections, but in too many cases the costs of regulations far outweigh the societal benefits. President-elect Donald Trump has promised to slash 10 rules for every new rule. Just do it, Mr. President.

2. Make the Trump Tax Cuts Permanent

As JFK, Ronald Reagan and others have proven throughout history, lower tax rates lead to more growth, more investment and more jobs. The Trump tax cuts meant that a typical family of four earning $75,000 a year saw their tax bill fall by half – a benefit valued at more than $2,000. And the corporate tax rate fell from 35% – the highest in the world – to 21%, bringing jobs and capital to America. Trump has promised to make all these tax cuts permanent. Why? Because they worked almost exactly as we anticipated they would.

3. Replace Welfare With Work

Growth will require more able-bodied Americans getting off welfare and into jobs. Welfare – which includes cash assistance, public housing, food stamps, disability payments, unemployment benefits and Medicaid – needs to be a hand up, not a handout.

4. Use America’s Abundant Natural Resources

America has well more than $50 trillion of natural resources that are accessible with existing drilling and mining technologies. This is a vast storehouse of wealth that far surpasses what any other nation is endowed with. We can use the royalty payments and leases to reduce our national debt while creating hundreds of thousands of jobs.

5. Cut Medical Costs by Demanding Health Care Price Transparency

One of many ways to bring health care costs down to consumers (and taxpayers, who pay half the costs) is to require hospitals, pharmacies, doctors and health clinics to list prices for what they are charging. The Committee to Unleash Prosperity estimates that $1 trillion to $2 trillion could be reduced from health care costs, with no reduction in the quality of care, by allowing consumers to shop around on the internet for the best price – just as we do when we buy groceries, a home or a car. This will foster free market competition and lower prices.

6. Allow School Choice for All Families

Test scores in America have been plummeting. Kids are graduating from high school – if at all – without even being able to read the diploma. America no longer ranks in the top 10 in many academic achievement ratings.

A child can get a better education at HALF the cost in the Catholic school system and in many charters.

Trump has endorsed universal school choice for ALL children regardless of income or ethnicity or race. This is the civil rights issue of our time.

7. Implement a Pro-America Immigration Policy

Trump’s committed to securing our border, but we also need legal immigrants through a merit-based immigration system. This visa system would select immigrants based on their skills, talents, investment capital, English language ability and education level. These characteristics all presage success in America.

8. Revive America’s Great Cities

Our once-great cities in America – from New York to Chicago to Detroit to San Francisco to Seattle – have come to look like war zones. Crime has run rampant. Businesses and people and capital are fleeing and leaving the poorest Americans – mostly minorities – stranded with tragically limited opportunities other than working at Walmart or McDonald’s for minimum wage. Since 2020, our major cities have lost nearly 1 million residents. And tens of thousands of businesses.

Trump wants to revitalize our cities and abandoned rural areas through deregulation, reduction in tax rates, changes in zoning policies and infrastructure investments.

9. Pull the U.S. Out of the Paris Climate Change Treaty and Other Anti-America Agreements

We must end American participation in globalist treaties that hurt America most. This includes the Paris Climate Accords – a treaty with which most other nations have failed to comply, yet which places huge burdens on American companies and workers. Trump also has pledged to end global taxation – such as Treasury Secretary Janet Yellen’s global minimum tax. Do we even need a United Nations?

10. Finally, Drain the Swamp

There is a reason why three of the five wealthiest counties in America are in or around Washington, D.C. Washington is getting rich at the expense of the rest of us. Fewer than 10% of overpaid federal workers (of which there are more than 2 million) are working full-time in the office even though COVID-19 ended three years ago. These are swamp employees that often get paid $150,000 or more a year. Fire them if they don’t show up. And relocate federal agencies in other cities.

These are admittedly bold aspirations for an economic transformation toward freedom and free enterprise. But the one person who can get it done is Trump.

Stephen Moore is a visiting fellow at the Heritage Foundation. He is also an economic advisor to the Trump campaign. His new book, coauthored with Arthur Laffer, is “The Trump Economic Miracle.”

COPYRIGHT 2024 CREATORS.COM

The opinions expressed by columnists are their own and do not necessarily represent the views of AMAC or AMAC Action.

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Max
Max
13 hours ago

Interesting ideas that would help this nation to recover. Now, if only the Left/Demos would agree but that is not their agenda as they want a One World Government where the Elite call all of the shots for the world. Their judgement is coming soon.

Misty
Misty
7 hours ago

A solid yes to #9. Stop foreign aid to countries that openly hate us but sure love our money. End all funding to Ukraine including military equipment. There is a reason Russia invaded Ukraine and it is not territorial. Would like DOGE to dig into how much of the billions of dollars given to Zelensky ricocheted back to Bidumb and his corrupt family.

PapaYEC
PapaYEC
7 hours ago

The “climate” hoax should have been laughed out of existence before it ever hot started. It’s a globalist power-grab and elitest fleece-the-masses-until-they-bleed scheme.

D G
D G
7 hours ago

You missed the big one: America MUST bear the pain of paying off the national debt. Millions will suffer, but that’s the price that must be paid for electing politicians that had/have no fiscal responsibility…

TexasResister64
TexasResister64
8 hours ago

10x yes to all these ideas. Now revitalizing the cities is the biggest challenge, because the Dems have put a lock on all of them by their local organizing. Look at the Trump/Kommie election map. Where’s the blue? Almost every city is solid blue, except places like Ft. Worth and cities in Utah and the midwest. So let’s come up with a plan to take back the cities.

Kim
Kim
10 hours ago

The enormous response from Republicans in November beat the corrupt voting machine that the dems have mastered. To all those who think their votes don’t count, I’ve heard about some races that were decided by a mere few hundred or thousand votes.

President Trump will prove once again that his initiatives will bring prosperity like we’ve never seen before. Some of the revenues paid to the Treasury should be dedicated to debt reduction. Even though the subject is taboo, we also need to look at entitlements to secure them for generations to come. Raising the age of eligibility by a few months each year for several years can help, as would lifting the income cap. If we don’t start paying down the debt, the Doubters will question whether all those promises are worth the paper they’re written on.

Happy, Happy New Year!

PapaYEC
PapaYEC
7 hours ago

The cities will NEVER be fuxed as long as they are run by the traitorous, corrupt, perverse, criminal Marxist Rat Party.

uncleferd
uncleferd
5 hours ago

It’s hard to argue with the concepts that Mr. Moore presents, though, I feel that some are more expediently “doable” than others.
One thing is certain, however, and that is the loss of wealth and opportunity that has been forced upon Americans by “democrat” polititians, through a wide range of schemes by which these self-serving, self-perpetuating, non-public-servants end up “buying” their votes with the promise of gifting taxpayer dollars to “their” voters. This is neither public service nor “democratic” governance. As Mr. Moore’s example in this article represents, this is thievery that must be stopped.

Veteran
Veteran
7 hours ago

Best way to facilitate all of it: eliminate the 16th amendment, the income tax, and the IRS and switch the federal government’s source of revenue 100% from income tax to tariffs on foreign goods like it used to be. Then eliminate the Federal Reserve Bank, the IMF, and the World Bank, and you’d be surprised how little boom and bust there will be henceforth. All of a sudden the federal government will become downright affordable, when it can no longer just print paper money whenever they want to pilfer your, your kids’, your grandkids’, and their kids’ pockets via inflation through monetizing their “deficit spending” by diluting the value of your hard earned money. It will probably discourage 75% of “Democrats” from going into politics at all when the green is drained from the Washington, D.C. swamp, and there will be greener bogs to prowl in for the grifter con artist reptiles than a well policed, audited, investigated, and punished when their books are cooked federal government whether on the politician, or civil service side. Let’s hope the team of Musk/Ramaswamy will make swamp gator boots, and bog snake belts all the rage in our country because the Swamp is full of crocodiles, and snakes.

Sydney
Sydney
7 hours ago

In Texas we have been trying to get school choice. We continue to have Dems in Republican clothing in charge of our legislature. Pretend to be Republicans to get elected and then…. Our legislative session begins in January- can we achieve success? Dems pledge to block.

Stephen Russell
Stephen Russell
8 hours ago

add:
Enterprise Zones
Innovation Centers
CUT regulations, taxes MORE
CUT DC bureaucracy X7000
Expand DOGE

LauraC
LauraC
4 hours ago

How about decentralizing the federal government? You want to work in the agriculture department— you’ll be moving to Nebraska or Iowa where the agriculture is. Transportation (road building and maintenance) could be pretty much anywhere, why is it located on the very edge of America in Washington DC? Don’t want to come to your office? YOU’RE FIRED! Empty office buildings? Sell them or turn them into affordable housing for people who actually keep DC running, like trash truck drivers, waiters, street cleaners, teachers, road maintenance people. How ‘bout we just get rid of the thousands of duplicate agencies that spend time shuffling money toward and away from each other.and just get the money back to the people it was stolen from?

Orion Bennett
Orion Bennett
5 hours ago

Personally I feel that #10 should be higher on the list. The only way there even is a future in America, is if we put the old career politicians to bed. Safe and sound, and out of their thieving ‘look out for number 1 .. ME’ attitudes. We need fresh Americans, with pride to want to serve in the greatest country on the planet. Who would likely do it for a pay match to what they are making now … just for the opportunity to serve. Career politicians need to be GONE. TERM LIMITS ARE VITAL.

Roseann Carpenter
Roseann Carpenter
6 hours ago

Amen to all the above! Seek stronger National Security

Robert Zuccaro
Robert Zuccaro
7 hours ago

Good luck getting any of it implemented seeing as there’s a certain political party in the US who, every time they have both opportunity and the power, accomplish the exact opposite of anything “America first”!

Glenn Lego
Glenn Lego
8 hours ago

I would love to see the Northwestern part of Illinois get revitalized. There are plenty of places there that are in need of a reason for young people to stay there. Plenty of small towns where the major business is agriculture. But businesses seem to treat the area like it doesn’t exist. I don’t understand why.

Nancy Stull
Nancy Stull
4 hours ago

Thank you, Mr. Moore, for a very well written article, and all 10 amazingly great ideas. I tend to agree with all 10 ideas you chose. They would certainly be a great start for fixing America and putting America on the right road for the future.

Thinking
Thinking
6 hours ago

It needs to be done under Trump or any other person, I am still afraid they will kill him before Jan 20-2025. Like Biden, for example, should have done this for America. But he was too busy destroying America. Supporting foreign countries. The country overrun by criminals and gold seekers. Not contributing a thing to America but bleeding her dry. Criminal elements can do what they want but a law abiding citizen, a patriot say, is hated by the Biden administration. He has more love for school shooters than the victims. Commuting their sentence is a slap in the face of all these families who have suffered at the hands of these criminals. But did we expect anything else from Biden? He let the families wait for more than an hour when their children who were killed in Afghanistan were returned to America. Biden was taking a nap on his plane. Sleeping with not a care in the world about the 13 soldiers that were killed. Trump should have no problem correcting all these disasters immediately. Any opposition by the dems, we the people, will oppose and let our voices be heard. No more hiding from the dems threats. Common sense has been returned to America. And the communists have been fired on November 5th 2024 overwhelmingly. They lost the power over the people, their destruction of America has been stopped. We will flourish and become a country with prestige and admiration in the world.

Al King
Al King
4 hours ago

I’d make one change. Drain the swamp should be top and center. All the rest is temporary unless that happens.

Barrett T Smith
Barrett T Smith
5 hours ago

Sounds like a plan.

Richard A
Richard A
3 hours ago

Perfect, but one more! Make Media Companies reapply for a License (TV, Radio, Social…etc.)!

LINDA
LINDA
56 minutes ago

Hear, hear! All good.

AmericatFirst
AmericatFirst
1 hour ago

Great ideas, but none of them are really new 😉

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