President Trump intends to cut taxes on businesses and renegotiate trade deals (mainly NAFTA). This is no secret Trump has been preaching this since the beginning of his run for Presidency. Taking us out of NAFTA was a big point, but would that alone really have a risk? Robert E. Scott of the Economic Policy Institute states that roughly 300,000 manufacturing jobs have …show more content…
This plan puts a lot of trust that the money from the tax cuts will be used and reinvested, if the businesses don't react as planned it could have little to no effect on the economy and unemployment. There is also another view on this plan, A study by University of Pennsylvania's Wharton School and the Tax Policy Center says that "in the long-run the Trump tax plan increases federal debt more than current policy, resulting in less economic growth". This plan can have a positive effect in the beginning, but will create more federal debt and in the long run this plan may not be able to keep the benefits outweighing the negatives. I am not against the idea based on this information, but I believe that this plan needs to be planned out with this in mind and it must be flexible to adapt to different situation that may