Chris Tomlinson, a columnist for the Houston Chronicle, argues that Trump’s economic policies could have dire consequences unless he abandons five key campaign promises. However, the likelihood of this happening is slim.
As the U.S. prepares to witness the clash between President-elect Donald Trump’s rhetoric and the real world, it’s important to remember the promises he made during his campaign.
Trump’s first term saw him backtrack on half of his campaign promises, as reported by PolitiFact. Now, in order to safeguard the economy, especially in Texas, there are five promises that he should reconsider.
1. Blanket tariffs: Trump’s proposed tariffs have proven to be detrimental to American consumers, as highlighted by the Tax Foundation. The potential implementation of further tariffs could result in a significant tax burden on consumers and companies, leading to job losses and economic contraction.
2. Mass deportations: The construction and hospitality industries in the U.S. heavily rely on undocumented immigrant workers. Mass deportations could disrupt these sectors, driving up housing costs and causing widespread economic repercussions.
3. Inflation Reduction Act repeal: The IRA plays a crucial role in promoting domestic manufacturing and combating climate change. Rolling back this legislation could jeopardize numerous projects and investments, ultimately impacting job creation and economic growth.
4. Affordable Care Act repeal: Repealing the ACA without a viable replacement could leave millions of Americans without health insurance, leading to job losses in the healthcare industry and increased premiums for the insured population.
5. Drastic budget cuts: While Trump has advocated for lower taxes and reduced government spending, his proposed tax cuts and budget plans could add trillions to the deficit and harm businesses that rely on government contracts.
Despite Trump’s ambitious promises, it is unlikely that a Republican-controlled Congress will support his costliest proposals. Lobbyists and lawmakers will likely push back against extreme measures that could harm their constituents.
In conclusion, while Trump may have the power to enact certain policies unilaterally, it is essential for him to surround himself with advisors who can steer him away from potentially damaging decisions.