Trump's energy polices lead to increased revenue for government
By most economic indicators—unemployment, the stock market, the housing market—the $20 trillion U.S. economy is strong.They have also streamlined the permitting process cutting the time in half. By changing from Obama 's hostility to energy production to encouraging it, the country is better off and is more energy independent.
But this month, it became apparent that President Trump’s Interior and Energy departments are underpinning this record economic growth.
Earlier this month, in the East Room in the White House, Trump and energy leaders from his administration announced that his environmental policies, support of innovation and energy development have led the country to have the cleanest air and best access to clean water in the world.
To boot, they lauded a strong economy expected to continue on an upward trajectory.
Stephen Moore, one of the President’s economic advisers, and one of the leading architects of the 2017 Trump tax law, told Forbes that what President Trump has proved is that “energy development is highly compatible with cleaner air and cleaner water.”
Under the Trump administration, energy and mineral production activities on federal lands generated $9.1 billion dollars, supporting federal, state and local governments.
The fulcrum of Trump administration energy policies has been removing redundant regulations and streamlining the permitting process for energy development, recreation and conservation activities.
The administration’s efficiencies have put billions of dollars back into the federal Treasury that some argue was left on the table during the Obama administration.
This month, officials in the Interior Department told Forbes they expect to make more in royalties in 2019 than the Department’s entire budget allocation—about $12 billion annually.