How Can Trump Make the Country Great Again for Business?
President Trump has made, and continues to make a lot of promises to all Americans about taxes and the economy. Throughout his campaign the president continued to push his “Make America Great Again” slogan to the delight of all those who helped him get elected. Obviously, his message resonated with enough people in the right places in order for him to win the White House. Since he took office he has been busy with many issues, including immigration and healthcare reform. At the same time, there continues to be a lot of talk regarding tax reform, including how it will affect the business world the and nation’s economy.
It’s All About Jobs
Time will tell if real change is coming and who will be the most affected by it, but the business world is eagerly waiting for those promised changes to come. So with that in mind, what things should the president be focusing on to truly make the country great again for business? The real key is to start by creating more jobs in the United States. However, it’s not just more jobs, but the president and his administration need to create more good jobs. So how will they accomplish that?
Start With Infrastructure
Our country is lagging in infrastructure. Our basic organizational and physical facilities and structures, such as freeways, highways and airport systems all need improvement. When compared to emerging market economies and countries it’s clear that the U.S.’s infrastructure is not something that can be overlooked. Improving this would no doubt increase jobs across many levels.
Create and Promote New Industries
One of the greatest ways to increase jobs and improve the economy is by encouraging new innovations. If you consider just a few of the new industries that have been created in the last decade, it’s easy to see how many more new jobs could be created if other new industries emerge as well. For example, consider the impact of things like social media, Internet retail, electric automobiles and virtual reality. More new industries such as these could lead to millions of jobs and billions of dollars.
Consider Middle America
There are several changes that could change Middle America, or the Middle Class, and help increase jobs. For example, focusing on growing middle-market companies could be a huge boost for job growth. Likewise, giving the middle class a large tax break would help improve the economy and in turn increase job production. Another step in this direction is to move certain industries to middle America. One idea is to create and fund a Rural Industrialization Act, which would move many jobs back to rural areas in the country. In addition, by expanding and building on the Small Business Act of 2013 the administration could also help promote new job creation.
Expand Immigration
Lastly, although the new administration has been very outspoken and active in reducing the number of immigrants to our country, there are several industries that could use even more. Many of the most highly skilled and intelligent people in the technology industry come from other countries. By allowing more of these individuals to live and work here, the advancements in many industries could be improved, which could have a positive affect on employment and the economy.
Will Your Life Insurance Policy Be a Blessing or a Curse in Retirement?
Will Your Life Insurance Policy Be a Blessing or a Curse in Retirement? There are several ways to save for retirement. The most obvious path is to start an individual retirement account (IRA) or 401(k) and begin saving money every time you earn a paycheck. However, there are other effective ways to save for retirement.…
Is Your Withholding Setting You Up for a Painful Surprise?
Is Your Withholding Setting You Up for a Painful Surprise? It might still feel like tax time is a long ways away. But there is a very important step that everyone who receives a paycheck should take, right now. If you haven’t looked at your tax-withholding amount lately, then you really can’t afford to put…
Finally Some Good News Regarding Taxpayers’ Refunds
Finally Some Good News Regarding Taxpayers’ Refunds Remember the outcry about smaller tax refunds during the first few weeks of the tax season? Numerous reports detailed how so many taxpayers were shocked and upset about the size of their refunds. Even worse, some taxpayers were getting an additional tax bill. The complaints against President Trump’s…
Which Factors Play the Greatest Role in Determining Wealth?
Which Factors Play the Greatest Role in Determining Wealth? By Alan Olsen For most people, becoming rich is just a dream. Most people simply hope or wish to become wealthy, but never actually achieve this dream. If given the chance, everyone would choose to be wealthy, right? Who’s going to turn down huge amounts of…