-raise the minimum wage
-push for equal pay and paid leave
-regulate and "crack down" on corporate international tax shelters and tax breaks given to companies that operate overseas.
-Fight for the Buffett Rule, or 30% rate on taxes for individuals who make more than 1MN a year.
-Close the carried interest loophole and add other surcharges to millionaires and billionaires. A Trump Fiscal Policy First, let me preface this by stating that recently 370 economists (8 Nobel laureates included), penned a letter calling out every single economic lie and and piece of misinformation on Trump's economic platform. On that note, let's begin! '25MN New Jobs': Titled ' The Trump Economy' (ugh), it proposes "sweeping reforms in tax, trade, energy, and regulatory policies" to create new jobs. Regulatory Changes: These regulatory changes are vague at best but he does mention how he would scrap the EPA's Clean Power Plan to "level the playing field for American workers". Lifting the Clean Power Plan would help oil and coal power to become the unchallenged dominant supply of energy in the US. Trump would like to "unleash an energy revolution" by supporting fracking, offshore drilling, and lifting regulations on coal production. A revolution means change, and I don't see any changes here.
America-First Trade Policy: To tie in with his views on manufacturing, Trump would like to strike down the Trans-Pacific Partnership, "bring trade cases" against China, and renegotiate/ withdraw from NAFTA if his changes are not made.The Penny Plan: All the way at the bottom of his platform Trump adds in about 50 words relating to this plan. The Penny Plan "would reduce non-defense, non-safety net spending by one percent of the previous year's total each year." In plain speak, he plans on cutting EVERY SINGLE BUDGET that isn't for defense or safety net spending (public works, welfare and the like) year over year with no end. But yeah, let's not touch the $587BN we spend on defense that is being missused on a regular basis. ABOUT US © New Kapitall Holdings LLC. All rights reserved. Kapitall Wire is a division of New Kapitall Holdings LLC. Kapitall Generation, LLC is a wholly owned subsidiary of New Kapitall Holdings LLC. Kapitall Wire offers free cutting edge investing ideas, intended for educational information purposes only. It should not be construed as an offer to buy or sell securities, or any other product or service provided by New Kapitall Holdings, and its affiliate companies. Open a free account today get access to virtual cash portfolios, cutting-edge tools, stock market insights, and a live brokerage platform through our affiliated company, Kapitall Generation, LLC. Securities products and services are offered by Kapitall Generation, LLC - a FINRA/ SIPC member. For more information, see full disclosures and fees.