Despite these policies, Trump has placed greater emphasis on new proposals aimed at working- and middle-class Americans: exempting earned tips, Social Security wages and overtime pay from income taxes. . It’s worth noting, however, that his tipping proposal, depending on how Congress might draft it, could provide a backdoor tax break to high earners by allowing them to reclassify part of their wages as tips — a prospect that in the future The best-case scenario could see hedge fund managers or high-profile lawyers taking advantage of a policy that Trump presents as being designed for restaurant servers, bartenders and other service workers.

Trump’s stance on international trade is to be wary of global markets because he sees them as harming U.S. interests. He proposes tariffs of 10 to 20 percent on foreign goods – and has mentioned even higher percentages in some speeches. He promises to reinstate an August 2020 executive order requiring the Food and Drug Administration to purchase “essential” drugs only from U.S. companies. He pledges to block purchases of “all vital infrastructure” in the United States by Chinese buyers.

Trump has called for a rollback of societal emphasis on diversity and legal protections for LGBTQ citizens. Trump has called for ending diversity, equity and inclusion programs in government institutions, using federal funding as leverage.

When it comes to transgender rights, Trump promises to generally end “boys in girls’ sports,” a practice he says is widespread, without any evidence. But his politics go far beyond the usual applause in his rally speeches. Among other ideas, Trump would roll back the Biden administration’s policy of extending Title IX civil rights protections to transgender students, and he would ask Congress to require that only two genders can be recognized at birth.

The president-elect seeks to reduce the role of federal bureaucrats and regulations in economic sectors. Trump views all regulatory cuts as an economic magic wand. He promises a steep decline in U.S. household utility bills by removing barriers to fossil fuel production, including opening all federal lands to exploration — even as U.S. energy production is already at record levels. Trump promises to revive housing construction by reducing regulations — even though most building rules come from state and local governments. He also claims it would end “frivolous litigation by environmental extremists.”

This approach would in many ways strengthen the influence of the executive branch. This power would come more directly from the White House.