The American Economy During the Trump Administration: A Brief Evaluation
Keywords:
Tax Cuts and Jobs Act; economic growth; U.S. presidential election; TrumponomicsAbstract
The election of Donald Trump as president of the United States in 2016 was a challenge both for the American economy and the world. His decisions generated numerous reactions and effects, even if these decisions have focused on the domestic economy or international relations. One of the most important decisions Trump made was to reform the tax system through Tax Cuts and Jobs Act. This paper aims to analyze the effects and consequences of this reform on the American economy, taking into consideration the period 2016-2019 and except the last year of Trump`s mandate, when the American economy and the entire world economy were affected by the covid-19 pandemic. Such an analysis is necessary, especially in the context of the 2020 presidential election, to observe whether or not this law is beneficial to the American economy and whether it should be maintained or amended by the new administration.
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