What Trump’s Economic Plans Could Mean for You

A great interview in The Hollywood Reporter with Trump’s new chief strategist, Steve Bannon, shows us just how exciting the new “Era of Trump” could be for American businesses and American jobs.

Bannon has a wide and eclectic background, ranging from an enlisted man in the U.S. Navy to Harvard Business, to Hollywood and Seinfeld. Over-the-top accusations of his being a “White Nationalist” make him laugh.

“I’m not a white nationalist, I’m a nationalist. I’m an economic nationalist,” he told the reporter. “The globalists gutted the American working class and created a middle class in Asia. The issue now is about Americans looking to not get f—ed over.”

As chief strategist, it’s Bannon’s job to cast the vision, and his vision is a great one:

“Like [Andrew] Jackson’s populism, we’re going to build an entirely new political movement,” he says. “It’s everything related to jobs….it’s the greatest opportunity to rebuild everything. Ship yards, iron works, get them all jacked up….It will be as exciting as the 1930s, greater than the Reagan revolution — conservatives, plus populists, in an economic nationalist movement.”

Good news for small businesses

At President-elect Trump’s new site, greatagain.gov you can find out more about these exciting plans and how they could benefit your business and your job. For example, the Trump Administration regulatory reform plan “will include a temporary moratorium on all new regulation, canceling overarching executive orders and a thorough review to identify and eliminate unnecessary regulations that kill jobs and bloat government.”

This should be especially good news for all you small business owners out there, considering small businesses “disproportionally face higher annual regulatory costs of $10,585 per employee per year ­— 36 percent above the regulatory cost facing large firm.”

Good news for American workers

According to the Trump plan,

“too many American jobs have been lost over the last decade because of trade deals that do not put Americans first.  Factories have closed and jobs have moved overseas because the government has imposed crushing regulations and taxes, while it negotiated trade deals that incentivized American companies to make things abroad, where environmental and labor protections are minimal and wages are low.”

To turn this situation around, the Trump administration refuses to implement the Trans-Pacific Partnership (TPP) and plans to re-negotiate trade deals, such as the North American Free Trade Agreement (NAFTA). It also pledges to drastically reduce taxes on American business, and raise tariffs on foreign imports, in order to lure manufacturing back to the US.

“The new Administration will make it more desirable for companies to stay, create jobs here, pay taxes here, and rebuild our economy. Our workers and the communities that support them will thrive again, as more and more companies compete to set up manufacturing in the U.S., to hire our young people and give them hope and a real shot at prosperity again.  America will become, once more, a destination for jobs, production and innovation and will once more show economic leadership in the world.”

Building roads and bridges

A key part of the Trump economic plan, alluded to by Steve Bannon, involves investing $550 billion, through public-private partnerships, in our crumbling highways, bridges, tunnels, railroads, airports and other infrastructure—not only revitalizing our transportation network, which is critical to our economic system, but also providing millions of jobs.

According to the plan, we will harness the latest technologies in order to create an infrastructure that will “be the envy of the world and enhance the lives of all Americans. We will build the roads, highways, bridges, tunnels, airports, and railways of tomorrow.”

Sounds like a plan.

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