The Tax Plan For Economic Growth

While a constant flow of people coming to America seems like a great idea to most, President-elect Trump thinks the U.S need to limit the people it let in. During his campaign he said he would repeal DACA and kick out all illegal immigrants. His thought process behind this is that it will free up jobs for Americans. Trump is right that it will free up jobs as roughly “8 million illegal immigrants currently have jobs”, but the issue is that Americans won’t have the proper training to take all of these jobs (Krogstad). This will lead to companies not producing what they should and being forced to lay of people. So overall by kicking out all immigrants Trump will be costing many Americans jobs and could lead to another depression. Another thing that Trump has said he will do is build a wall around the U.S and Mexico. This wall will cost millions maybe even billions of dollars, yet Trump has not elaborated on how it will be paid for. He has said he will get Mexico to pay for it and that he has a plan to do it, but nobody knows

Overall, Trumps immigration policy is doing little to no good in America. At the end of the day, taxes are one of the main aspects that keeps this country afloat. Immigrants pay more in taxes than the wealthiest one percent in the US. If we “kick out” all of the undocumented citizens in the United States, who is going to pay for Trump’s protection and frequent trips to Florida? Not him of

President Trump backed a bill on August 2, 2017 which is titled The Reforming American Immigration for Strong Employment Act, that if passed, would cut legal immigration in half over the next ten years from one million down to five hundred thousand per year. The bill would also put emphasis on skill of a potential immigrant rather than their family ties to the United States. I believe that this bill if passed would help the United States of America by reducing the amount of people looking for jobs and giving American workers more opportunities.

While a constant flow of people coming to America seems like a great idea to most, President-elect Trump thinks the U.S need to limit the people it let in. During his campaign he said he would repeal DACA and kick out all illegal immigrants. His thought process behind this is that it will free up jobs for Americans. Trump is right that it will free up jobs as roughly “8 million illegal immigrants currently have jobs”, but the issue is that Americans won’t have the proper training to take all of these jobs (Krogstad). This will lead to companies not producing what they should and being forced to lay off people. So overall by kicking out all immigrants Trump will be costing many Americans jobs and could lead to another depression. Another thing that Trump has said he will do is build a wall around the U.S and Mexico. This wall will cost millions, maybe even billions of dollars, yet Trump has not elaborated on how it will be paid for. He has said he will get Mexico to pay for it and that he has a plan to do it, but nobody knows what that is. This

Though deportation is common in America, a mass deportation of 11 million undocumented immigrants in the nation within a time-frame of two years is completely illogical. It is impossible because the Department of Homeland Security's Immigration and Customs Enforcement has "the capacity to remove roughly 400, 000 people a year." (Sallsbury) This could cost up to $300 billion, which would add to the expected negative secondary effects of on the country's economic growth. Trump's reasoning for the mass deportation of illegal immigrants out of the country is absurd. He has also unaccounted for the fact that many of these immigrants do not only work, but also pay taxes. Therefore, by deporting all immigrants, the country would suffer a great loss in revenue. Again, proving that not only his ideas are absurd and ludicrous, but also harmful for the diminishing

President Trump's goal is to rid the entire nation of undocumented immigrants(Calabresi et al, 2016). Trump plans to send immigrants back to Mexico to wait out the immigration process(Kulish et al, 2017). However, Mexico did not approve of this plan. Trump is trying to pawn a U.S. problem on another country, and it is causing tensions to rise. Trump also plans to use expedited removal of illegal Mexican immigrants. This means he plans to deport people without a judge as extensively as the law will allow it in order to prevent back log of immigrant cases(Kulish et al, 2017). By preventing illegal Mexican immigrants from obtaining the necessary wages in order for their families to be financially stable, the Mexican economy will only plummet more. These people will continue to live in poverty, and the incentive will be even higher to illegally immigrate to the U.S.. It also creates the problem for the U.S. with a lack of a blue collar workforce population for the service economy and agriculture. He also plans on expanding the program 287(g) which, from 2013-2016, led to over 175,000 deportations(Kullish et al, 2017). The program was able to deport so many people because it used racial profiling. The U.S. has come so far in civil rights and liberties just to stigmatize Mexican Americans as illegal immigrants. The only beneficial thing Trump has done in his immigration policy is leave DACA alone.

Donald Trump has finally released his tax plan. Hallelujah. His plan is filled with what many conservatives and liberals have been eagerly calling for. In part of his plan, he pushes for a flat income tax for all businesses at 15% and a repatriation rate at 10% claiming this will incentive companies to increase their presence in the US. He still relies on a graduated tax rate of 0%, 10%, 20%, and 25%, which is far more attractive to voters then the current rate of 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%. This greatly appeals to lower income individuals because the widely held belief is that everyone is taxed and this belief will be to Trump’s advantage. His attacks on Wall Street and their profits and high salaries appeals to many Americans due to lackluster job growth and wage

Donald Trump’s policies on taxes are geared towards helping the economy recovering and the establishment of more jobs. Trump wishes to cut down the income so it no longer negatively effects the middle

Another benefit Trump believes citizens deserve is their full paycheck. Although taxes are necessary, he believes insuring Americans they receive what they earned will increase and strengthen work ethic. For this reason, he has formulated a system he calls the 1-5-10-15 income tax plan. His goal and purpose is to create clarity and fairness for all, cutting down the complication and disarray of the tax code. Another issue Trump has talked about is education. He believes common core is a disaster and should be immediately abolished. He believes education should be local, and chiseled for the youth of specific areas. Donald Trump’s ideas may come off as blunt and insincere, but he has established his success and many stand behind his judgment.

The United States is home to over 11.4 million illegal aliens. Every single alien that is living in our great country has potentially taken jobs from Americans that are not working. We have roughly 17.5million of our own that are out of work, live in poverty and or just struggling to get by. With Trump’s immigration reform plan, we will get undeserving immigrants out of the U.S. and give the unemployed men and women the opportunity they need to join the countries workforce. There are 3 main points to Trumps immigration reform, “1. A nation without borders is not a nation. There must be a wall across the southern border. 2, A nation without laws is not a nation. Laws passed in accordance with our Constitutional system of government must be enforced. 3, A nation that does not serve its own citizens is not a nation. Any immigration plan must improve jobs, wages and security for all Americans.” (donaldjtrump.com) If he becomes president, I have no doubt in my mind that he will act and do what he said he was going to, regarding this immigration

Right now, His plan would increase the standard deduction to $15,000, up from $6,300 for single filers and to $30,000 for married couples filing jointly, up from $12,600. (Anderson 1).Trump's plan also calls for the repeal of the alternative minimum tax and the estate tax. With the elimination of the AMT (alternative minimum tax), itemized deductions would be worth more, Spiess said. "For many middle-income taxpayers, the new standard deduction may exceed their itemized deductions, thus allowing a higher deduction," said Timothy Speiss, chairman of personal wealth advisors at accounting firm EisnerAmper.Trump's plan also calls for the repeal of the alternative minimum tax and the estate tax. With the elimination of the AMT, itemized deductions would be worth more, Spiess said. There are a couple of reasons Trump's plans for Taxes are not very smart for the economy. The first reason is about 20 percent of households and more than half of single parents would pay more in taxes under Trump's tax plan even with the child-care breaks Raising taxes for the middle-class families is bad because that family probably do not have room to pay more taxes because it is already high enough. The last reason Trump needs to focus on the economy is because not all taxpayers would benefit from Trump's proposals. His plan calls for repealing personal exemptions for taxpayers and

Trump’s plan for tax reform, at its simplest, is to cut taxes for most people, with focus in certain incomes. In the

While there are some key flaws to Donald Trump's tax plan, it must be noted that he is trying to use this new tax plan as a way to benefit the majority of America. An argument was brought up about how this would significantly benefit the rich, which it will, but why is this a bad thing? First off, allowing the wealthy to take their off shore money and put it back into the American economy for only 4% may seem bad, however, Trump's plan is giving them an opportunity that they would have never taken otherwise. To add, the United States had kept really high corporate taxes compared to that of other countries. As a consequence, companies decided to move jobs out of America (out-scouring) because running a business in America has become too expensive.

In a world filled with economic turmoil, one might look at a loaf of bread today at the grocery store and wonder if it will cost the same tomorrow. The inflation factor has driven prices of food, energy and many other life essentials to an all-time high. In countries like America where the national debt has soared into the double digit trillions. It becomes a question in the minds of many, “how will we ever pay this money back?” This is a question of great magnitude and many factors decide if, and how it is possible. On a much smaller scale, the average household in America lives within a budget to manage income to debt ratio. This budget allows for the necessities to be purchased while allocating a set amount for debt obligations. When there is not enough money for required expenditures, adjustments must be made to compensate. This type of adjustment is comparable to the adjustments that must be made by the American government to allow the debt ceiling to be lowered, while still making financial obligations for consumer families affordable and manageable. This concept is often referred to as tax reform, and it is the only way America will regain strong financial standing as a country.

citizens abroad (Choudhury). According to Kurt Rademacher the plans of cutting the taxes “could reduce the headline tax rate and also eliminate the estate tax that currently applies to worldwide assets.”. Furthermore, the rate of the estate tax currently site of the top federal is at 40 percent, which is less than 5.45 million exempt for the tax (choudhury). Moreover, the tax bill would be reduced just as it would be if they remained in the U.S. for the expiates residing abroad ( choudhury). That means the changes for the tax rule will impact the Americans who live outside the U.S. because the United State has an unusual rule tax system outside the border. The rule of the tax for the U.S. citizens is that they are taxed on their worldwide income, it dose not matter where are they have to pay it. However, according to the IRS website, expats could exclude amount of their earnings (Choudhury). The issue is the system of most other countries be at odds with U.S. rule, which allow their citizens to pay tax in the country of residence with some constraints (Choudhury) . Donald Trump had suggest on the campaign trail, that he would do individual changes to tax rates, including “ reducing the seven federal tax brackets to three, with rates of 12 percent, 25 percent and 33 percent.” (choudhury). Also, he proposed canceled the alternative minimum tax and the estate tax. From what I am what I believe that the United State will lose much money for doing that. According to CNBC Trump’s theory to cuts these taxes that benefit mostly the wealthy individuals, and in some cases large corporations. That means the wealthy will get the benefits to run their business easily and make more