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Trump's Economic Era

Right from the start, President Trump canceled
many of Obama’s Executive Orders. He changed
immigration policies and nominated a Conservative
Supreme Court Justice, Judge Neil M. Gorsuch, to
replace Antonin Scalia and suspended regulations
making it easier to approve infrastructure projects like
the Dakota Access and the Keystone Pipeline. He also
repealed the Johnson Amendment when he directed the
IRS not to unfairly target churches and other religious
organizations for political speech.
President Trump spearheaded a federal income tax
overhaul giving ninety percent of Americans higher
paychecks after Congress passed a $1.5 trillion tax cut.
About 80 percent of households will pay lower taxes in
2018 than they did in 2017 according to the Tax Policy
Center. Walmart, Apple, Mobile, American Airlines,
AT&T, Comcast, CVS and other corporations have
raised wages and bonuses because of the tax cut.
Besides lowering the corporate tax rate from 35 percent
to 21 percent, the new tax law offers a one-time break
on cash corporations hold overseas. Companies pay
only 15.5 percent tax on hundreds of billions of dollars
they bring back to America.

President Trump proposed a 25% tariff on steel
and a 10% tariff against aluminum imposed against all
countries, excluding Canada and Mexico as long as they
negotiate a new North America Free Trade Agreement.
He might consider trade relief for NATO members if
they increase defense spending. President Trump has
promised to cut down the deficits with China one way
or another. He sees trade restrictions as a way to
rebalance a global trading system that has not served

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