In: Economics
The United States has long been perceived as a land of opportunity for immigrants. Yet, both in the past and today, US natives have expressed concern that immigrants fail to integrate into US society and lower wages for existing workers.
Recent policy of the current administration-
1. Help businesses grow profits, invest in the U.S., and create good jobs
The centerpiece of the administration’s growth program is the tax cut bill that reduced the corporate tax rate from 35 percent to 21 percent. On its face, a policy to reduce taxation of corporations is a solution in search of a problem. Corporate profits have been booming since the end of the recession and the share of profits in national income has risen.
2.Trade and immigration restrictions
Unlike the tax bill, the Trump Administration’s policies on trade and immigration are a break with Republican tradition. Traditionally, Democrats have been much more ambivalent about trade agreements than Republicans because of the opposition of labor leaders, although in the end Democratic presidents have supported them. Like most economists, I support freer trade because it allows the United States to specialize in the parts of the economy where it is most productive. Some workers and companies are hurt by trade, but overall free trade is good for U.S. growth.
My Reccomendation for Current policy-
i would personally suggest that the free and volatile immigration policy. As follows-
1. Free policy- it will enhance the potential of the peoples of the USA, if we put free economic policy that will increase the competition and automatically it will increse the efficiency of the people.
2. Globalization-America always supported the developing countries with the help of globalization, that why i supported the Open immigration policy. this will enhance the quality of the products and services.
This will directlly lead to the economic growth and developement of US economy and betterment of society and the goodwill of people.