Donald Trump got enough votes on election day. As he predicted Tra MP , the Americans have already fed "usual" policy, and voted in favor of something else entirely.
In his victory speech, Trump said he will launch "the most powerful economy in the world." He promised tax cuts, a lot of spending on roads and bridges, and a strong economy.
You a rundown of what Trump has promised to do for the wallets of Americans. But it is necessary to bear in mind that the introduction of the majority of the changes will require Congressional approval.
Taxes: Many tax bill is likely to be reduced under the hoses dstvom Trump. He plans to reduce tariffs for businesses and individuals. Republican also proposes to introduce a so-called discount in the amount of $ 1.2 thousand. Per year for families with low income after tax deduction. His proposal calls for only three tax rates for individuals: 12%, 25% and 33%. He intends to cut taxes for businesses to 15% (compared with a higher current level of 35%).
The question remains as Trump would pay for tax cuts. Otherwise, America's debt will grow substantially.
Jobs: Trump promised to return jobs from Mexico and China back to their homeland. He wants to renegotiate the terms of trade transactions. US experts doubt that Trump, or someone else will be able to return manufacturing jobs. One study showed that his plans will ultimately lead to a reduction of millions of jobs.
Much may depend on the ability of Trump cooperate with Congress to address the issue of tax cuts and increased spending on repair of roads and bridges of America. These measures can stimulate growth and create jobs.
Markets: US markets are falling, but this is a small sale. Since the Second World War, the stock market showed the best results, when the Democratic Party was in power in the White House (9.7% - an average annual growth). Republicans Authority contributed to the growth markets of 6.7% per year.
Health: Goodbye, «Obamacare». Tramp is going to cancel the reform of health care and replace it with a plan to "free market", which will allow insurers to sell policies across state lines.
Colleges : Tramp says that attract colleges accountable if they do not reduce tuition fees. He threatened to take away the tax-exempt status of college. He also suggests not to collect student loan debt after 15 years of full payments, not after 20.
Childcare Providing childcare at affordable prices was a promise like Trump and Clinton. Trump has proposed to introduce a new federal subsidies for child care, benefits for families with low incomes. Moreover, he promises his voters paid maternity leave for all working citizens.
Trump's plan involves six weeks of paid leave and unemployment benefits for parents whose employers are not capable of this grant.
Retirement : Do not expect that the social security conditions will change under President Trampe.
growth: Basic Trump offers to restart economic growth are as follows: large tax cuts, cancellation of programs (including Obamacare), and change in US trade relations. His economic team argues that such a policy will stimulate growth, but the vast majority of experts Wall Street and independent economists think it could lead to a recession. Much will depend on the external trade policy Trump.
Based on materials WELTRADE
