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Trump Economic Policy Tag

Posted by Mary Chastain on March 16, 2017 11 Comments
President Donald Trump released his plan for the 2018 federal budget titled "America First: A Budget Blueprint to Make America Great Again." The plan includes cuts to some departments and slashes programs in order to reallocate funds to a bigger defense budget. "One of the most important ways the Federal Government sets priorities is through the Budget of the United States," wrote Trump. "Accordingly, I submit to the Congress this Budget Blueprint to reprioritize Federal spending so that it advances the safety and security of the American people."

Posted by Mary Chastain on March 14, 2017 3 Comments
President Donald Trump's promises to overhaul regulations and the tax codes along with positive sale outlooks have raised optimism among U.S. CEOs. The Business Roundtable conducted its CEO Economic Outlook Index, "a measure of expectations for revenue, capital spending and employment," found that the optimism jumped to 93.3. That's a jump of 19.1 points and the most since 2009.

Posted by Mary Chastain on March 14, 2017 12 Comments
The Congressional Budget Office (CBO) has released its analysis of the House Republican Obamacare replacement bill, which estimates that millions will lose coverage, but will bring down costs. The report has many people freaked out, with some saying its proof that repealing Obamacare will harm Americans. Most major media outlets and Democrats have failed to mention that many of those would "lose" coverage will do so because they choose to opt out. The AHCA repeals one of Obamacare's worst features -- the individual mandate.

Posted by Mary Chastain on March 10, 2017 3 Comments
The Labor Department has reported that the U.S. economy added 235,000 jobs in February. This stat has lowered the unemployment rate to 4.7% while wages went up "2.8 percent from February 2016." From Bloomberg:
“We’re getting closer and closer to full employment,” said Ryan Sweet, an economist at Moody’s Analytics Inc. in West Chester, Pennsylvania. “Wages had been the one sore spot in the labor market data, and I think that’s coming through here. With inflation accelerating I think we’re going to start to see even stronger wage growth down the road.” The prospect of a Fed rate increase at its meeting next week is “pretty much a slam dunk,” he said.

Posted by Fuzzy Slippers on February 26, 2017 49 Comments
At the Republican National Convention last year, Ivanka Trump stated:  "As President, my father will change the labor laws that were put into place at a time when women were not a significant portion of the workforce, and he will focus on making quality childcare affordable and accessible for all." Apparently following up on this promise, Ivanka met with members of Congress last week in order to sell them on her unfunded $500 billion child care tax credit.

Posted by Leslie Eastman on February 25, 2017 10 Comments
President Trump has been meeting with business leaders regularly since his inauguration, including a meeting this week. These sessions cover a wide array of topics and grew out of Trump's December announcement of an advisory panel on manufacturing.
“Today we have 24 CEOs from the largest manufacturing companies in the country and even in the world. They represent--people in this room--nearly $1 trillion of sales and two million employees, large majorities of which are in the United States. They share our commitment to bring manufacturing back and to create jobs in this country,” Trump said.

Posted by Mary Chastain on January 23, 2017 21 Comments
President Donald Trump began his first full day with a bang by signing three executive orders that withdraws America from the Trans Pacific Partnership (TPP), defunds International Planned Parenthood, and freeze hiring of federal workers. TPP became a hot topic on the campaign trail with Trump vocally against it. Former President Barack Obama worked on the agreement for almost two years with the aim of "eliminating most tariffs and other trade barriers among the U.S., Japan, Canada, Mexico, Australia, Vietnam and half a dozen other countries around the Pacific."

Posted by Fuzzy Slippers on January 08, 2017 60 Comments
Following the news that Ford had cancelled its planned $1.6 billion auto assembly plant in Mexico, Mexican officials are concerned about the impact this will have on their economy. The Wall Street Journal reports:
Ford Motor Co.’s decision to cancel a planned $1.6 billion assembly plant in the Mexican industrial city of San Luis Potosí caught the nation’s elected officials off guard and represents a major blow to one of the main engines of Mexico’s economy.
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