CNN: What President Trump Means For Your Pocketbook

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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