How Will President-Elect Trump Change the Economy?
- Megan Gerrard
- Jan 10, 2017
- 2 min read
Donald Trump (you've all heard of him), was elected the 45th President of the United States on January 20th 2016 and in his victory speech, he spoke of economic growth and focused on the a stronger, better economy. Not just in America, but all over the World.
In order for the President-Elect to achieve the goals and plans he has set, he has put an Economic Plan into action, to meet his promises and improve America.
On November 22, Trump promised to make the following Executive Orders. First, withdraw from the Trans-Pacific Partnership. He will replace it with a series of bilateral agreements that protect American jobs.
That means eleven new agreements with the other signatories.
Second, cancel restrictions on shale oil, clean coal, and other energy production. Third, any federal agency that proposes a new regulation must identify two existing ones that will be eliminated.
Fourth, ask the Defence Department to develop a plan to protect the nation's infrastructure from cyber-attacks. Fifth, ask the Labor Department to identify any abuse of the nation's visa program.
Sixth, propose a five-year ban on executive officials becoming lobbyists. (This was also proposed by Obama during his 2008 campaign.) There will be a lifetime ban for any executive lobbying on behalf of another country.
Trump has the support of the Republican-controlled Congress. That makes it more likely his other measures will get passed. There are 7 main headings in his Economic Plan:
1. 5-Part Tax Plan
2. Cut Government Spending
3. Repeal and Replace Obamacare
4. Smart Trade, Not Stupid Trade
5. Be the Greatest Job-Producing President in U.S. History
6. Reduce the Debt by Growing the Economy 6 Percent
7. Send Illegal Immigrants Back
댓글