Thoughts on the Economy
The reason I wrote this letter is because I like Mr. Trumps ideas on the economy and I am tired of seeing trade deals set us in a trade deficit of 870 billion dollars
Dear Mr. Trump
First of all congratulations on winning the presidency Mr. Trump. In the last eight years of President Obama's terms he was the first president ever to not have an annual GDP growth of at least 3% one time in his presidency. You claim that GDP growth influences job growth the most and I just want to know what you're going to do to increase the GDP. I believe that you Mr. Trump will be a great president for this country and “Make America Great Again”. There are many other things that you talk about such as taxes and trade deals that I will talk about later.
First I believe you will create millions of jobs and strengthen our workforce. On your website you talk about increasing GDP and how 1 percent growth increases jobs by 1.2 million. You also say on your website that your plan will create over 25 million jobs in the next decade, but the one thing I don't understand and the question that I have for you is how can increasing GDP just magically create 2.5 million jobs a year. I do like your idea of lowering taxes on big businesses and corporations so that it would be fiscally irresponsible for companies to come back and create american jobs. So what this means is there will be more lower class or blue collar jobs available who will then pay taxes and make up for the corporations who didn't have to. This will also lower prices on products and create competition which is what our economy is built off of. SoI believe you will create jobs and in the end strengthen our economy.
I also believe that you will renegotiate our trade deals so they are more in favor of us. You stated that you will renegotiate every trade deal that we have including NAFTA which is the worst. On globalexchange.org I found the following facts why tade deals are so bad. 765000 jobs have disappeared because of trade deals such as NAFTA and FFTA and when those people do find jobs they make on average 23% less. The trade deals increase inequality and poverty as seen in 1960-1998 when global trade and investment was rapid. So this means our trade deficit of 800 billion dollars last year which causes our debt will no longer be. So I believe you will strengthen our economy.
Lastly You claim to cut taxes for middle and lower class Americans like most people in our area. On your website you say that you will cut the brackets down to three instead of seven. You will not let big businesses create loopholes like hillary clinton did. The current U.S. tax code is 74,608 pages and only the first few pages have to do with pretty much all Americans. Those 74,605 pages that aren't for most Americans are loopholes that the rich paid for to have put in by corrupt people in government You've previously said that there is no reason why there should more than one tax bracket and I think that is a great idea. I personally think this idea is great because lower and middle class families will have it easier and those who can spare the money are still taxed almost as much as they used to. The lowest tax bracket will be taxed 12% middle 25% and highest 33%. So you will make it easier on the working Americans of the country.
I believe that you will raise GDP which will in turn create millions of jobs. I also believe that you will renegotiate our trade deals that have deeply affected our economy in a negative way, and lower taxes which will help lower and middle class americans who struggle to make it by each day.
Sincerely,
Lucas Eddinger