Franchisor Stories
CNN: What President Trump Means For Your Pocketbook
Here are the financial shifts you can expect Trump to push
After last night’s win, CNN takes a look at what Trump could mean for your finances, one of the cornerstones of his campaign. Keep in mind, any of the following must be approved by Congress.
Taxes: According to CNN, Trump plans to lower tax rates for businesses and individuals. His proposal calls for only three tax rates for individuals: twelve percent, twenty-five percent and 33 percent. He also wants to decrease business taxes to fifteen percent. How he’ll pay for tax cuts remains unknown.
Jobs: Tump plans on bringing back manufacturing jobs from Mexico and China, in part by repairing U.S. roads and bridges. "We will rebuild our infrastructure, which will become second to none," Trump said in his victory address.
Healthcare: Trump intends on working with a Republican Congress to scrap Obamacare and instead have a more “free market” health plan.
College: Forgiving student loan debt after 15 years of full payment (instead of 20) and lower tuition are on Trump’s agenda.
Growth: “Trump's main proposals to hypercharge economic growth are large tax cuts, scaling back regulations (including Obamacare) and changing U.S. trade relationships,” reports CNN.
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About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
