Snapshot of Key initiative Trump is involved as President elect in 2024 elections
some key socio-economic and political initiatives that President-elect Donald Trump is involved in or has proposed for his potential second term following the 2024 election:
1. Tax Policy:
• Extend the expiring provisions of the 2017 Tax Cuts and Jobs Act (TCJA)
• Further reduce the corporate income tax rate from 21% to 15%
• Eliminate federal taxes on tips
• End income taxes on Social Security benefits
• Expand the child tax credit to up to $5,000 per child
1. Immigration:
• Implement a large-scale deportation program, described as the “largest mass deportation in U.S. history”
• Reinstate the “Remain in Mexico” policy for asylum seekers
• Complete construction of the border wall
• End birthright citizenship for children of undocumented immigrants
• Implement “ideological screening” for immigrants
1. Energy and Environment:
• Roll back Biden administration environmental regulations
• Increase fossil fuel production and reduce restrictions on the industry
• Oppose renewable energy subsidies
• Withdraw from the Paris Climate Agreement
1. Deregulation:
• Reduce federal regulations across various economic sectors
• Streamline approval processes for mergers and acquisitions
1. Education:
• Eliminate the Department of Education
• Use federal funding to pressure schools to adopt merit pay for teachers and remove diversity programs
• Take control of college accreditation processes
1. Trade:
• Implement a 10% across-the-board tariff on all imports
• Propose a 60% tariff on all goods from China
1. Healthcare:
• Reduce drug prices
• Accelerate efforts to privatize Medicare
• Reduce Medicaid spending
1. Federal Bureaucracy:
• Make it easier to fire federal workers by reclassifying thousands of positions outside of civil service protections
1. Foreign Policy:
• Pursue a quick peace deal in the Ukraine-Russia war
• Continue a tough stance on China
Conclusion
It’s important to note that many of these proposals would require congressional approval, and their implementation would depend on the composition of Congress after the election. Additionally, some of these policies are still in development, and details may change as the administration takes shape.
