Page 50 - Oct Nov 2017

Donald Trump’s Tax Plan and Its Effect on the United States Nationally, Globally and Its Citizens
plan diminishes and ac- could attract companies to the global economy.

tually reverses. Overall, come back to America and
Trump’s plan could be enjoy the low taxes. This As a forewarning, this
very bad for the economy, is shown with the tempo- essay does follow many

especially if previous tax rary gain in GDP growth assumptions made by
cuts are any indication of rate. It has not yet been Moody’s and the Tax in- P

their effects. (Zandi, pg 2) shared exactly how the stitute. In final thoughts, O
Global lower corporate tax rate Trump’s tax plan would L
would bring companies benefit Individuals and the I

Internationally, the United back, most companies that United States corporations C
States is no longer the have offshored their busi- greatly but would cre- E

world’s only powerhouse. ness still maintain corpo- ate friction in the overall
With a multitude of other rate status in the United US economy could cause B
countries on par with the States and I doubt that a another economic slow- R

US and winning in some break in corporate taxes down. U
facets. The United States would be greater than T

is in no place to fall be- what it costs to pay an Work Cited: A
hind. The biggest problem American Labor force. L
with Trump’s tax plan and Fox, Lauren. “Unlike His I

his overall economic poli- In conclusion, Donald Immigration Plan, Donald T
cies is that they are isola- Trump’s tax plan can and Trump’s Tax Proposals Y

tionist policies. Globaliza- would have a much great- Are Actually Feasible.”
tion has created winners er effect than it appears on National Journal. National
and losers, but segregating the surface. If the senate Journal, n.d. Web

the United States by pull- agreed to adopt Trump’s Nunns, Jim, Len Bur-
ing out of trade deals like full plan as it is now: the man, Jeff Rohaly, and Joe

NAFTA will actually de- individual would see per- Rosenburg. “An Analysis
crease exports and make sonal taxes decrease and of Donald Trump’s Tax
our exports more expen- corporate taxes decrease Plan.” AN ANALYSIS

sive. Plus, the one-time as well, Federal revenues OF DONALD TRUMP’S
offshoring tax will create would swing high then TAX PLAN (n.d.): n. pag.

a strain on multinational low along with the United Web. http://www.taxpoli-
companies. The largest States GDP, and Trumps cycenter.org/publications/
upswing for the United overarching economic analysis-donald-trumps-

States would be the new policy could put America tax-plan/full.
low corporate tax rate in a very sticky place in Zandi, Mark. Clinton’s

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