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.
This Could Be the Year to Stop Itemizing Your Deductions
This Could Be the Year to Stop Itemizing Your Deductions Tax season is just about here again. That means millions of people are getting ready to gather up all their financial information for the year 2018 and file their returns. This year will be like no other, thanks to the Tax Cut and Jobs Act. One of…
Why Are Wealthy Families Turning Their Noses on Hedge Funds?
Why Are Wealthy Families Turning Their Noses on Hedge Funds? Many investors look to see what the wealthy are doing when it comes time to get into the stock market. After all, these investors are wealthy because they’ve played the market right. For years, many of the wealthiest investors in the country have hedged their…
These Two Phrases Are Signs of Weak Leadership
These Two Phrases Are Signs of Weak Leadership Good leaders and bad leaders have many differences. Effective leaders tend to do things well, while ineffective leaders often don’t. However, it’s interesting to note that both kinds of leaders make mistakes. No one is perfect. What sets these two kinds of leaders apart is how they…
In Which Leadership Traits Do Women Rank Higher Than Men?
In Which Leadership Traits Do Women Rank Higher Than Men? Men and women are different. Neither is better than the other, and they both excel at different things. Sometimes women are better at certain things than men, and the opposite is also true. So what about when it comes to leadership? Which things do women rank higher in…