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Impact of the Trump Administration on US Economic Outlook

This article discusses the policies and actions of the Trump Administration and their impact on the US economic outlook. It covers topics such as fiscal policy, tax reform, regulatory relief, and trade policy. Additionally, it examines the potential pitfalls and provides a forecast for the US economy.

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Impact of the Trump Administration on US Economic Outlook

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  1. Economic Outlook Las Vegas, NV November 29th, 2018

  2. Trump Administration How are the policies of the Trump administration impacting the U.S. economic outlook? Is Trump lifting us “up where we belong?”

  3. Trump Administration

  4. Trump Administration

  5. Fiscal Policy: Spending plus tax cuts $1 trillion infrastructure plan(?) Boost in defense spending Impact of the Trump Administration

  6. Tax reform Personal Lower tax rates Nearly doubles standard deduction Caps mortgage and SALT deductions Corporate Tax rate 35% to 21% Repatriation @ 15.5% Immediate expensing for small business Pass through income Trump Administration

  7. Much needed regulatory relief 22 deregulatory actions for every 1 regulatory action Agencies have: Withdrawn 653 regulations 244 regulations made inactive 700 regulations delayed Trump Administration

  8. The Rules of the Game Matter Federal Regulation and Aggregate Economic Growth by John W. Dawson and John J. Seater Journal of Economic Growth (2013) 18:137-177 Examined Economic Growth and Productivity 1949-2005

  9. The Rules of the Game Matter Results: Regulations have reduced real GDP growth an average of 2% per year. Real GDP in 2005 would have been $53.9 trillion instead of the $15.1 trillion

  10. The Rules of the Game Matter Results: Productivity is impacted by regulatory growth The conundrum of declining productivity in the 1970’s attributable to a doubling in the number of pages of regulation.

  11. Trade policy a potential pitfall Threats of tariffs and other trade barriers in response to unfair trade practices and currency manipulation Trade war happening? Trump Administration

  12. New administration has thus far avoided SkyMall™ Policies Sky Mall™ Policy: An Expensive Policy that Fails to Achieve its Desired Outcome Trump Administration

  13. U.S. Forecast

  14. U.S. Forecast Sky Mall™ Policies: T.A.R.P. Foreclosure Prevention Act 2009 ARRA of 2009 Affordable Care Act Dodd-Frank

  15. U.S. Forecast

  16. U.S. Forecast

  17. U.S. Forecast

  18. U.S. Forecast

  19. U.S. Forecast

  20. U.S. Forecast

  21. Quarterly Forecast Publications Available U.S. Forecast Florida & Metro Forecast Download at: WWW.IEC.UCF.EDU

  22. Thank you • Sean M. Snaith, Ph.D. • Director • Institute for Economic Competitiveness • (407) 823-1453 • Sean@SeanSnaith.com • WWW.IEC.UCF.EDU • www.facebook.com/seansnaith • Twitter: @seansnaith

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