Trump's Bold Second Term Agenda: Mass Deportations, Tariffs, and Energy Policy Overhaul
November 8, 2024Donald Trump, having been elected for a second term, is preparing to implement a sweeping agenda focused on tariffs, taxes, and immigration reforms starting in January 2025.
He has outlined an aggressive 'day one' agenda that includes mass deportations of undocumented immigrants and significant government purges.
Trump's immigration reform plan features the creation of a large deportation force, although such actions may face legal challenges from organizations like the ACLU.
He proposes using the Alien Enemies Act to detain undocumented immigrants without hearings and plans to construct large detention facilities.
Trump is prioritizing the extension of his 2017 tax cuts, proposing changes such as increasing the child tax credit and potentially eliminating income tax, although specific commitments are still lacking.
His tax plans include extending personal income tax cuts and reducing the corporate tax rate, with proposals estimated to cost $11 trillion over the next decade.
With a Republican-controlled Congress, the political landscape appears favorable for Trump, although internal divisions and public backlash could complicate his ambitious agenda.
Trump's energy policy emphasizes a fossil fuel-centric approach, promising to undo Biden's clean energy initiatives and expand oil and gas drilling.
He plans to halt offshore wind projects and eliminate green tax credits, reflecting a significant shift in U.S. energy policy.
Trump is expected to exert influence over the Federal Reserve, which could affect interest rates and economic stability, as he has previously criticized its leadership.
In addition to immigration reforms, Trump plans to increase tariffs on foreign imports, threatening over 10% on all imports and up to 100% on certain Chinese products to protect U.S. jobs.
On trade, he advocates for tariffs of 10-20% on foreign goods and insists that federal purchases of essential medications should come from U.S. companies only.
Summary based on 5 sources
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Sources
Bloomberg • Nov 8, 2024
Trump’s Day 1 Agenda: Tariffs, Immigration, Taxes, DeregulationBusiness Insider • Nov 9, 2024
What Trump might do on Day One of his presidencyThe Telegraph • Nov 7, 2024
What will Trump do with his second presidency? Mass deportation and oil drillingCBS News • Nov 8, 2024
What could Trump's second term bring? Deportations, tariffs, Jan. 6 pardons and more