4 Riskiest Financial Policies Proposed by Trump That Could Impact You

Balancing the US budget

President Trump has proposed a number of financial policies that could have a significant impact on the US economy. Some of these policies are more controversial than others, but all of them have the potential to affect your finances. Here are four of the riskiest financial policies proposed by Trump:

Tax cuts

Trump has proposed a number of tax cuts, including a reduction in the corporate tax rate from 35% to 20%. These tax cuts would add to the federal deficit, so they could lead to higher interest rates and inflation. They could also lead to cuts in social programs, which could hurt the most vulnerable members of society.

Deregulation

Trump has also proposed a number of deregulation measures, including rolling back Dodd-Frank financial reforms and repealing the Affordable Care Act. These deregulation measures could lead to a more unstable financial system and higher healthcare costs.

Increased military spending

Trump has proposed a significant increase in military spending. This spending would add to the federal deficit, and it could lead to higher taxes or cuts in social programs. It could also increase tensions with other countries and lead to armed conflicts.

Withdrawal from the Paris Agreement

Trump has announced that the US will withdraw from the Paris Agreement on climate change. This withdrawal could damage the US economy by making it more difficult to compete in the global clean energy market. It could also harm the environment and lead to more extreme weather events.

These are just four of the riskiest financial policies proposed by Trump. It is important to be aware of these policies and their potential impact on your finances.