Will he take Washington in a new direction?
The election of Donald J. Trump along with a Congress controlled by his Republican Party gives the incoming president an opportunity to move forward rapidly on several of his campaign pledges, including cutting taxes on individuals and businesses, rolling back the Affordable Care Act and increasing spending on infrastructure projects. The resolution of these issues will be closely watched by U.S. business leaders, along with Trump’s vows to cancel or renegotiate free-trade agreements and adopt more restrictive immigration policies.
Among the key takeaways:
The energy industry is likely to have freer rein to develop oil, gas and coal reserves and environmental restrictions probably will be relaxed.
Military contractors may enjoy a significant increase in defense spending.
The financial industry will be watching closely to see if Trump follows through on rolling back restrictions imposed by the Dodd-Frank Act.
Galbraith, John Kenneth, “The Great Crash, 1929,” Houghton Mifflin, 1955. An economist’s history and examination of the factors that led to the U.S. stock market crash that precipitated the Great Depression.
Geithner, Timothy, “Stress Test,” Google Books, 2014. The former U.S. Treasury secretary writes of the financial crisis of 2008 that occurred during the worst recession since the Great Depression.
Sorkin, Andrew Ross, “Too Big to Fail,” Viking Press, 2009. A New York Times economic columnist offers a behind-the-scenes account of how the severe 2008 financial crisis developed into a global economic tsunami.
Trump, Donald, and Tony Schwartz, “The Art of the Deal,” Trump Publications, 1987. Donald Trump’s best-selling account of the business philosophies that he has followed and practices that led to his success as a real estate developer.
“The Long Demise of Glass-Steagall,” PBS Frontline, May 8, 2003, http://tinyurl.com/
Baker, Dean, “The Trans-Pacific Partnership: Warnings From NAFTA,” Center for Economic and Policy Research, Jan. 20, 2014, http://tinyurl.com/
Cooper, David, “The Case for Raising the Minimum Wage,” U.S. News & World Report, May 10, 2013, http://tinyurl.com/
George, Bill, “Why CEOs Need to Make a Better Case for Free Trade,” Fortune, Sept. 7, 2016, http://tinyurl.com/
Lane, Sylvan, “Trump: I’d Undo Very Negative Force of Dodd-Frank,” The Hill, May 17, 2016, http://tinyurl.com/
Perry, Mark J., “Ten Reasons Economists Object to the Minimum Wage,” American Enterprise Institute, Dec. 8, 2015, http://tinyurl.com/
Rubin, Richard, “Stashing $2.1 Trillion Overseas to Avoid Taxes,” Bloomberg News, March 4, 2015, http://tinyurl.com/
Yergin, Daniel, “Congratulations, America. You’re (Almost) Energy Independent,” Politico Magazine, November 2013, http://tinyurl.com/
Reports and Studies
“2013 Report Card for America’s Infrastructure,” American Society of Civil Engineers, http://tinyurl.com/
“A Better Way,” Office of House Speaker Paul Ryan, http://tinyurl.com/
“Historical Tables,” Office of Management and Budget, The White House, http://tinyurl.com/
“International Trade in Goods and Services,” U.S. Bureau of Economic Analysis, Nov. 4, 2016, http://tinyurl.com/
“Our Changing Climate: 2014 National Climate Assessment,” U.S. Global Change Research Program, http://tinyurl.com/
“Positions,” Donald J. Trump for President, Inc., http://tinyurl.com/
“The Trans-Pacific Partnership,” Office of the United States Trade Representative, http://tinyurl.com/
“Updated Budget Projections: 2016 to 2026,” Congressional Budget Office, March 24, 2016, http://tinyurl.com/
Gleckman, Howard, “Latest Trump tax plan adds trillions to the national debt, Clinton plan trims deficits by taxing the wealthy,” Tax Policy Center, Oct. 11, 2016, http://tinyurl.com/
Krogstad, Jens Manuel, Jeffrey S. Passel and D’Vera Cohn, “5 facts about illegal immigration in the U.S.,” Pew Research Center, Nov. 3, 2016, http://tinyurl.com/
Maues, Julia, “Banking Act of 1933, commonly called Glass-Steagall,” U.S. Federal Reserve, Nov. 22, 2013, http://tinyurl.com/
The Next Step
Cadei, Emily, “Republicans In Congress Promise Obamacare Repeal,” Newsweek, Nov. 9, 2016, http://tinyurl.com/
Daly, Matthew, “New Congress: Minorities Gain but Still Overwhelmingly White,” The Associated Press, ABC News, Nov. 14, 2016, http://tinyurl.com/
Morgan, David, “Election over, Congress pivots to lame-duck debate over spending,” Reuters, Nov. 14, 2016, http://tinyurl.com/
“Trump’s economic plan has caused a massive divergence in the market,” Business Insider, Nov. 15, 2016, http://tinyurl.com/
Abboud, Leila, and Brooke Sutherland, “Trump and Taxes,” Bloomberg, Nov. 9, 2016, http://tinyurl.com/
Ydstie, John, “Who Benefits From Donald Trump’s Tax Plan?” NPR, Nov. 13, 2016, http://tinyurl.com/
Carcamo, Cindy, Kate Mather and Dakota Smith, “Trump’s crackdown on illegal immigration leaves a lot unanswered for sanctuary cities like L.A.,” Los Angeles Times, Nov. 15, 2016, http://tinyurl.com/
Otarola, Miguel, and Mila Koumpilova, “‘Constant fear’ as Latino immigrants brace for life under Trump,” Star Tribune, Nov. 14, 2016, http://tinyurl.com/
Schultheis, Emily, “President-elect Trump says how many immigrants he’ll deport,” CBS News, Nov. 13, 2016, http://tinyurl.com/
Holland, Steve, and Luciana Lopez, “Trump packs transition team with loyalists and family,” Reuters, Nov. 12, 2016, http://tinyurl.com/
Paletta, Damian, “Rudy Giuliani Says Defeating ISIS to Be Early Focus of Donald Trump’s Foreign Policy,” The Wall Street Journal, Nov. 14, 2016, http://tinyurl.com/
Shear, Michael D., Maggie Haberman and Michael S. Schmidt, “Critics See Stephen Bannon, Trump’s Pick for Strategist, as Voice of Racism,” The New York Times, Nov. 14, 2016, http://tinyurl.com/
American Enterprise Institute
1789 Massachusetts Ave., N.W., Washington, DC 20036
A conservative-oriented think that researches and analyzes public policy issues.
1775 Massachusetts Ave., N.W., Washington, DC 20036
A centrist think tank that researches an array of public policy issues.
Center on Budget and Policy Priorities
820 First St., N.E., Washington, DC 20002
An independent research group that analyzes tax and budgetary issues.
Center for Economic and Policy Research
1611 Connecticut Ave., N.W., Washington, DC 20009
A think tank that conducts economic and tax research and analysis.
Committee for a Responsible Federal Budget
1900 M St., N.W., Washington, DC 20036
A nonprofit organization that advocates for federal budget reform.
Council on Foreign Relations
58 E. 68th St., New York, NY 10065
A nonpartisan think tank that publishes global studies and analysis.
Democratic National Committee
4300 S. Capitol St., S.E., Washington, DC 20003
The national organization of the Democratic Party.
Peter G. Peterson Foundation
1383 Avenue of the Americas, New York, NY 10019
A nonpartisan organization that seeks budgetary reform and fiscal discipline.
Pew Research Center
1615 L St., N.W., Washington, DC 20036
A nonpartisan group that researches public policy, with a specialty in immigration and media; also conducts independent public polling.
Republican National Committee
310 First St., S.E., Washington, DC 20003
The national organization of the Republican Party.
1325 G St., N.W., Washington, DC 20005
202 464 6200
A nonprofit that analyzes federal tax policy and advocates for a simpler and fairer tax code.
Tax Policy Center
2100 M St., N.W., 4th Floor, Washington, DC 20037
A joint project of the Brookings Institution and Urban Institute that offers expert and impartial analysis on federal tax policy.
The White House
1600 Pennsylvania Ave., N.W., Washington, DC 20500
Material on the president’s programs and priorities.