Time will tell whether President-elect Donald Trump's economic policies will help or hurt the U.S.November 15, 20161 min read
President-elect Donald Trump's economic plan, such as it is, is very unspecific and lacking in details—especially in how it will be implemented or what aspects take priority. It looks like his biggest priority will be tax reform. Generally speaking, lowering marginal tax rates are a good thing and can lead to higher economic growth—but it remains to be seen if the increased taxes from the higher growth would balance out the amount of taxes cut. Simplification of the tax code will also be very helpful, but there are very few specifics as to how Trump would accomplish this.
In short, his proposal for higher spending on infrastructure, which is definitely needed, with tax cuts would boost growth in the short term but also increase the size of the deficit and prices ( inflation). Although the nation’s infrastructure is in need of repair, voters have to remember that it has taken many decades to get all of this infrastructure into place—it can’t be repaired in just a matter of a few years.