Trump Economy
The economic policy of the Donald Trump administration is characterized by individual and corporate tax cuts, attempts to repeal the Patient Protection and Affordable Care Act (“Obamacare”), trade protectionism, immigration restriction, deregulation focused on the energy and financial sectors, and responses to the COVID-19 pandemic.
A key part of President Trump’s economic strategy during his first three years was to boost economic growth via tax cuts and additional spending, both of which significantly increased federal budget deficits.
