Business and Finance Business and Finance
Mon, January 20, 2025

Here are 4 ways your finances could change under Trump's 2nd presidency


Published on 2025-01-20 16:40:50 - MSN
  Print publication without navigation

  • Donald Trump's return to the White House on Monday coincided with a lift for the loonie. Here's why, and what other impacts Canadian consumers can expect.

The article from MSN discusses potential financial changes under a second Trump presidency. It outlines four key areas where changes might occur: Tax Policy - Trump could push for further tax cuts, potentially making the Tax Cuts and Jobs Act permanent, which would benefit corporations and high-income individuals. Regulation - There might be a rollback of regulations, particularly in finance, energy, and environmental sectors, aiming to reduce the regulatory burden on businesses. Trade - Trump's previous term saw aggressive trade policies; a second term could mean more tariffs, especially on China, affecting global trade dynamics and potentially leading to higher costs for consumers. Healthcare - Efforts to repeal or significantly alter the Affordable Care Act could resurface, possibly leading to changes in health insurance coverage and costs. These changes would reflect Trump's economic philosophy of deregulation, tax reduction, and protectionism.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/here-are-4-ways-your-finances-could-change-under-trump-s-2nd-presidency/ar-AA1xxBLi ]
Contributing Sources