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Nikolai Young:Why I Support Donald Trump

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I was in the third grade when Barack Obama was elected to the presidency eight years ago. I remember watching his inauguration live on TV with my third grade class. It was a historic day in American history, our country was swearing in our very first African-American president. As all of us young children watched history unfold before us, I do not think any of us at the time could have fathomed anything better than being an American on that day. People were cheerful and hopeful for new leadership coming from the White House following the financial crisis of 2007-2008. So how did that all work out and how did we get to where we are today? Let’s find out. The Obama administration began what they refer to as an economic recovery in January of 2009—the slowest economic recovery since the Great Depression, far from a victorious accomplishment on President Obama’s part. After eight years of sluggish “recovery”, President-Elect Donald Trump’s Economic plan is different than the Democratic plan that has been used for the past eight years. Trump wishes to cut taxes and reduce regulations that hinder economic growth. He plans to reduce the current seven tax brackets down to three brackets that would have married-joint filers making less than $75,000 a year paying 12%, joint-filers making more than $75,000 and less than $225,000 paying 25%, and top bracket joint-filers making more than $225,000 paying 33%. These tax rates would be one-half of the given amounts above for single filers. One of Trump’s plans to encourage business, both small and huge in the US is to lower the business tax rate from 35% to 15% and eliminate the corporate alternative minimum tax. Trump’s tax plan will cut taxes for all income groups whereas his opponent, Hillary Clinton’s tax plan will have an increase on certain income brackets. “On average, taxpayers will receive a tax cut of $1,818 under the Trump Plan but a tax increase of $176 under the Clinton plan” (Tax Foundation, Sept. 23, 2016)*. Another major factor contributing to our crippled economy is NAFTA (North American Free Trade Agreement), which was passed by Bill Clinton with Hillary’s support in December of 1993. Since NAFTA was passed, America has lost one-third of its manufacturing jobs. The fourth point in “Donald J. Trump’s 7 Point Plan To Rebuild the American Economy by Fighting for Free Trade” explicitly addressees this issue by stating he will “Tell NAFTA partners that we intend to immediately renegotiate the terms of that agreement to get a better deal for our workers.” If NAFTA’s partners do not agree to a renegotiation, the US will submit notice that we intend to withdraw from NAFTA. Since Trump’s historic election where he won the Electoral College in a landslide and won the most counties any Republican has won since Ronald Reagan in 1984, both Mexican Economy Minister Ildefonso Guajardo and Canadian President Justin Trudeau said they would be open to discussions over NAFTA with President-Elect Trump. A​

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The Asheville School's Voice
Nikolai Young:Why I Support Donald Trump