Will Trump help the Economy?
With the 2016 elections slowly coming up, many individuals are wondering who they are going to want to vote for, Hillary Clinton? Jeb Bush? but many individuals are very skeptical on whether Donald Trump would make a good president to run the United States. When people think of Donald Trump they think of a highly qualified and well experienced man in the business world. Which is why people are wondering if he could help improve the U.S. economy since he has an extensive knowledge in economics as he graduated with a bachelor's degree in 1968 at the University of Pennsylvania. But the real question is will Trump help the economy?
Donald Trump has many views his economic policies, and many people are with them or against them. Trump’s first policy is to place massive tariffs on China and Mexico in order to bring back jobs to the United States. For example, Trump said he would place a 35% tax, on any Ford vehicles made in Mexico. This would make Ford most likely want to start producing more in the U.S. again instead of other countries. Trump also stated he would want to place a 25% tax on any goods coming in from China to the United States. By doing this, it would create more jobs in the United States again, and boost our economy again instead of losing thousands of jobs when companies move to other countries to save money. Another view Trump has is to keep the minimum wage at the current level it is at now, $7.25. He believes that if the wage was to rise to $10.10, millions of jobs would be lost, which he believes the opportunity cost of raising the minimum wage level is too big of a risk, and it could bring the US into more of a crisis. Having a net-worth of $3 Billion dollars, Trump is big on placing a one time tax of 14.25% on the wealthy (people making over $10 million a year). He believes this will help the United States pay off a lot of the debt we are currently facing. Trump would also have tax cuts on anyone who makes less than $250,000 a year, which could help many lower class to middle class American’s to become more wealthy by being able to save up more money. Another large idea Trump has it to have Wall Street professionals to take higher up money positions within the government, including Treasury Secretary. This would mean people who know how to run the economy would be running the economy, making the United States into a stronger country than it already is. Trump’s last idea would be to get rid of Obamacare, Trump calls the Affordable Care Act a “Disaster” according to CNN.com. He believes that the United States would be better off without it and citizens won’t feel the wrath of it till 2016 hits. Trump wants to stick to how healthcare used to be before, because it worked fine before, which is the way that he wants it to run.
So by adding up the facts, and by looking at the good factors, Trump seems like he would help boost the economy of the United States quite well, but people need to remember that is only one policy out of a great amount. Just because a candidate is good in one location doesn’t mean they will be the best in the other ones. Trump would most likely make the United States economy a greater power house, but people need to analyze what he wants to do with the rest of the US.
Long, Heather. "So What Exactly Is Donald Trump's Economic Policy?" CNN Money. Cable News Network, 28 July 2015. Web. 23 Dec. 2015. <http://money.cnn.com/2015/07/28/news/economy/donald-trump-polls-taxes-wages/>.
Stewart, Emily. "If Donald Trump Was President, Here's What Would Happen to the U.S. Economy." The Street. The Street Inc., 15 Dec. 2015. Web. 23 Dec. 2015. <http://www.thestreet.com/story/13335121/1/if-donald-trump-was-president-here-s-what-would-happen-to-the-u-s-economy.html>.