Presidential candidate Donald Trump has a plan to tackle the enormous national debt by the creation of more jobs and a level tax rate. This election season, all we have heard for the various news outlets are the different scandals of both electoral candidates. Whether it be the terrible things they say or the do, yet honestly we find ourselves without the knowledge of what will actually happen after the election.
We must take the time to look past the news stories to the real proposals for our nation. As voters, we should be more concerned with what will happen to our country and stand for more than the misdeeds of the candidates running.Though addressing all issues, the Trump administration has a particular focus on the economy. Where the knowledge of Donald Trump lacks politically it is he’s intelligence of business and finance that is needed.
The man has built himself as a business tycoon. With current national debt higher than ever, this is a trait much needed in our next commander and chief. Since President Barack Obama has taken office the national debt has skyrocketed to a whopping 19.5 trillion dollars. This is almost double what it was when in 2008 after he was sworn into office. This huge spike in debt was caused by the highly controversial “Obamacare.”
This program is widely thought of as a failure, but we as Americans are faced with the challenge of pulling out of the downward spiral that this blunder has caused. The creation of more jobs is one of the proposals Trump’s administration offers us. A goal of raising the Gross domestic product (GDP) 1.5 percent in order to bring 18 millions jobs over the next 10 years to US citizens. More jobs
More jobs equals more tax dollars to be put towards the national debt and lowering the national percentage of unemployment. Eliminating special interest loopholes in order to make our business tax rate more competitive to keep jobs in America. This creation of new opportunities will revitalize our economy. The current tax issue is also something that needs to be addressed.
Many Americans pay taxes all year only to receive a large sum back at the end of the year. The Trump administration proposes that this waste should be eliminated. By lowering the overall rate, this money held by the government all year can actually be loosened up and let into the economy. The readjustment of the tax bracket is also something the Republican plan addresses.
Collapsing the existing seven tier into a more level three tier bracket will create a more level rate across the board. The reduction of the childcare cost to allow families to fully deduct the average from their taxes. The business side of Donald Trump is what is needed in order to get this country back on the right path. His choice in words may not always be great however it is the ingenuity in finance that will allow him to truly help America become great again.