Donald John Trump(born June 14, 1946) is an American businessman,
politician, television personality, author, andcandidatefor the Republican nominationforPresident of the United Statesin the 2016 election.
Trump is the Chairman and President ofThe Trump Organization, and the founder of the gaming and hotel enterprise,Trump Entertainment Resorts.
Trump is fromQueensinNew York City, and is a son of real estate
developer,Fred Trump.
Political Career:
Until 1987, he was a Democrat; then he was a
Republican from 1987 to 1999.
He then switched to theReform Party from 1999 to
2001.
From 2001 to 2009 he was a Democrat again; he
switched to the Republican Party again from 2009 to 2011.An independent from 2011 to 2012, he returned to the Republican Party in 2012, where he has remained
Impact of Donald Trump on
US Economy
Trumps Immigration Plan-
TheAmerican Action Forum, a right-leaning policy institute
based in Washington D.C.,estimatesthat immediately and fully enforcing current immigration law, as Trump has suggested, would cost the federal government from $400 billion to $600 billion. It would shrink the labor force by 11 million workers, reduce the real GDP by $1.6 trillion and take 20 years to complete (Trump has said he could do it in 18 months). A number of industries that depend heavily on cheap immigrant labor would be devastated -- especially agriculture.
Conti
Trumps Tax policy
Trump's plan would cut taxes by $11.98 trillion over
the course of a decade. It would lead to 11% growth in the GDP, 6.5% higher wages and 29% larger capital stock as well as 5.3 million jobs. It would also reduce tax revenues by $10.14 trillion, even when accounting for economic growth from increases in the supply of labor and capital.