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Influence Analysis of Donald Trump’s Tax Reform
Pages: 8-14
Year: Issue:  1
Journal: Petroleum & Petrochemical Today

Keyword:  Donald Trumpincome tax reformU.S.economyemerging economies;
Abstract: U.S. President Donald Trump has put forward a series of economic policy proposals during election and after inauguration, among which, income tax reform, the first big legislative achievement of his presidency, is going into force. This paper is to review the background, formation and contents of the final tax reform bill, and then analyze the possible influences of the tax reform on the U.S. and world economy. We believe that the implementation of Donald Trump’s tax reform is favorable to U.S. economic growth in general, but will bring about unfavorable influence upon emerging economies. In the future, Donald Trump will accelerate the implementation of supporting policies such as infrastructure investment, monetary tightening and trade protection, so as to realize the expected U.S. economic growth goal.
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