DONALD TRUMP 47, TAX REFORMS!

In his first term of office, Mr Donald Trump's Tax Cuts and Jobs Act (TCJA) of 2017 reduced Corporate Taxes from 35% to 21%. This supported business expansion, job creation and capital investment. Lower Taxes support businesses to expand and increase capital for reinvestment. Jobs are created and wages grow. This policy benefits industries in manufacturing, energy and technology which require huge investment. Mr Trump's core economic philosophy is a reduction in Government regulations for businesses to run with freedom. In his first term, he cut thousands of regulations in, energy, finance and agriculture. Reducing bureaucracy and red tape. Businesses spend more towards innovation and expansion. Mr Trump believes in domestic manufacturing and production. His administration once imposed tariffs on China. Mr Trump wants to protect American industries from unfair foreign competition. He wants American Companies to manufacture onshore as opposed to offshore. He has advocated for energy sufficiency, focusing on expanding domestic oil and gas production. He wants to increase drilling concessions and reducing restrictions on fossil fuels as this could strengthen the energy sector for more jobs in coal, oil and gas. Lower energy prices benefit businesses in all industries, leading to lower consumer prices and increased economic growth. During his first term, the Stock Market reached greater highs due to Tax cuts, deregulation and pro-business stance. Businesses and Investors favour policies that create predictable growth environment for stronger Corporate earnings and higher valuations for business. Many Trump's policies align with business interests. A less regulated environment does reduce costs. Businesses grow faster and innovate more freely. Mr Trump's first term, reshaped global supply chains. His is to reduce reliance on Chinese manufacturing.