Date: 2 months ago   Category: Economy

The main reform of Trump has appeared under the threat


The victory of Democratic party on intermediate elections to the House of Representatives of the USA can seriously influence realization of policy of the president Donald Trump, in particular tax reform, The Wall Street Journal writes. The edition has asked economists on the fate of the main innovations of administration of Trump. The main place among them is taken by the tax reform realized at the end of 2017. Thanks to her income tax rate of the companies has decreased from 35 to 21 percent, taxes on repatriation of profit (from foreign accounts) and on the income of natural persons have also been cut down. However, changes will extend to them only till 2025. Materials on teme00:05 — on December 12, 2017 the not бросаемПлан Trump: to save the rich and to save on the poor according to experts, the democrats who have received the majority in the House of Representatives will try to cancel reform or at least to soften her. Directly it won't be possible to make it by him as approval of the senate — the upper house of the Congress in most of which was reserved by republicans for this purpose will be required. However they can try to go to the transaction with opponents, having promised in exchange support of other initiatives. If tactics works, again grown taxes can be directed to implementation of the state programs lobbied by democrats. At the same time republicans and the large business supporting them for certain will resist, economists specify. Also discussions will be conducted around trade agreements of the USA with other countries. So, recently signed contract with Mexico and Canada can be revised taking into account a position of labor unions. At last, the democratic majority in the lower house won't allow cancellation of Obamacare — the program of support needy in the sphere of medical insurance. From the moment of taking office Trump tried to cancel it, but has encountered resistance among the members of the same party who call the president's initiatives offered in exchange too socialist. Intermediate congressional elections have taken place on November 6. Following the results the Democratic party has received control over the House of Representatives: in her there will be 223 democrats against 197 republicans. In the senate advantage remained for republicans — they have 51 places. It is more than important news in Film of Day Telegram-channel. Subscribe!

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