Wednesday 16 November 2016

Trump Main Goals And Problems

On taxes, he would get plenty of help from Republicans in Congress, who have been laying the groundwork for a tax-code overhaul that would lower rates and close loopholes. But they will encounter fierce resistance from home-owners, businesses and other interest groups that benefit from current tax breaks.
Trump's promise to protect entitlement programs such as Social Security and Medicare will rile fiscal conservatives, who worry they will swamp the federal budget in the decades to come. But those programs are popular with the American public.
WALL STREET REGULATION
Trump has promised a "dismantling" of the 2010 Dodd-Frank financial reform law enacted following the financial crisis, but has given few details.
Both Trump and the Republican Party have called for re-instating Glass-Steagall, the 1930s-era law that forced the separation of investment banks from deposit-taking institutions.
Republican lawmakers have so far been unable to undo many of their most-despised pieces of the Dodd-Frank law, and many in their ranks oppose a return to Glass-Steagall.
Trump appears to be leaning toward weakening the law in a manner like what was proposed in a bill known as the CHOICE Act this northern summer by Jeb Hensarling, the Republican chairman of the US House Financial Services Committee.
ISLAMIC STATE
Trump has offered few details about his plans to fight Islamic State but has said he would "knock the hell out of" the militant group. He says he is keeping the details of his strategy a secret so as not to disclose them to the enemy. Trump said that if he won, he would give US generals 30 days after taking office on January 20 to propose their own plans.
Trump has said he opposes accepting refugees fleeing violence in Syria, and instead has said he would create "safe zones" there, which he says would be funded by Gulf states.
Obama has said a safe zone in Syria would require a large US military commitment, something that could prove unpopular with Americans weary of lengthy wars in Iraq and Afghanistan.
RUSSIA
Trump has said he would have a "very, very good" relationship with Russia.
He has said he could work with Russia to combat Islamic State. He also said he would consider recognising Crimea, seized from Ukraine in 2014, as Russian territory and lifting sanctions on Russia imposed by Western nations for what they called an illegal land grab.
Trump has criticised the North Atlantic Treaty Organization, saying some US allies have not met their defence commitments. In July, he said if Russia attacked a NATO member, he would consider whether the country has paid up before providing defence.
NATO leaders say the sanctions against Russia are key to persuading it to change that country's behaviour in Ukraine, where it has backed ethnic Russian separatists, and that the alliance has long been focused on fighting international terrorism.
SUPREME COURT
With one vacancy on the Supreme Court and several more possible in the coming four years, Trump will have a chance to put a conservative stamp on the courts for decades to come.
His list of potential nominees has won praise from conservative activists and Republicans in the US Senate, who will be eager to help him in that area.
CLIMATE CHANGE
Trump has called global warming a hoax and said he wants to cancel the 2015 Paris Agreement among almost 200 nations that entered force on November 4. Instead, he says he will push ahead and develop cheap coal, shale and oil.
Trump's advisers are considering ways to bypass a theoretical four-year procedure for leaving the accord, per a source on his transition team.

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