A review of Trump’s economic and environmental policies, including tax cuts, deregulation efforts, and the withdrawal from international climate commitments.

Tax Cuts and Jobs Act

In 2017, Trump signed into law the Tax Cuts and Jobs Act, which included significant tax cuts for corporations and wealthy individuals. Proponents argued that it stimulated economic growth, while critics claimed it increased income inequality and the national deficit.

• Corporate tax rates were reduced from 35% to 21%.
• Critics argued that the tax cuts primarily benefited the wealthy.

Deregulation Efforts

Trump’s administration focused heavily on deregulation, particularly in the energy sector. This included rolling back environmental protections and regulations meant to reduce carbon emissions, arguing that it was necessary to boost economic growth.

• The Clean Power Plan was effectively dismantled under Trump’s administration.
• Environmental groups argued that these actions harmed efforts to combat climate change.

Withdrawal from the Paris Climate Agreement

In 2017, Trump announced the U.S. withdrawal from the Paris Climate Agreement, citing unfair economic burdens. This decision was widely criticized by environmentalists and global leaders as a setback in the fight against climate change.

Summary

Donald Trump’s economic and environmental policies focused on tax cuts and deregulation, with significant impacts on corporate America, climate change efforts, and international relations. These policies remain deeply divisive and continue to influence political debate.