President Trump's Proposed Policies and their Impacts

Abstract

During his 2016 campaign, President Donald Trump campaigned to make America Great Again. To do that, he said we needed to protect the United States, get rid of “over regulation”, and reduce taxes for all Americans. His most prominent claim was to protect the United States by proposing to introduce a travel ban for certain countries. He felt that US banks are over regulated and that has hindered their abilities to lend. Finally President Trump has also vocalized that he would like to abolish the “death tax”. That being the Federal estate tax. All of these tax and policy changes would have some impact on the accounting and finance industry. Each of the aforementioned agendas will have significant impacts, intended and unintended. The first section will cover the implementation of the Dodd-Frank Act and its impact, the second section investigates the proposed travel bans on accounting firms, the third section explores corporate social responsibility, and the final section looks at a repeal of the estate tax.