Business-Government Relations, discusses types of public policy, including econo

Question

Business-Government Relations, discusses types of public policy, including economic policy (fiscal policy, monetary policy) and social assistance policies; the chapter also discusses types of regulations, including economic regulations and social regulation. Conduct research and choose one U.S. federal policy or regulation that the Trump administration has changed. Briefly (one or two sentences) describe the policy or regulation, then demonstrate your ethical reasoning in explaining why you agree or disagree with the change. Cite your sources! (200 words)

Explanation / Answer

Fiscal policy: US have increased its budget on defence expenditure. Trump’s FY19 Budget includes a decent chunk of federal government funds for infrastructure development. US economy is expected to grow by 03% per annum.

Monetary policy: During trump administration, we can observe that Dollar is getting stronger day by day. During trump administration, US Federal Reserve has lower down its key interest rate.

Social welfare schemes in USA: Recently, we have heard the OBAMA care schemes. It was repealed by the Mr. Trump as he was thinking it like disastrous Obamacare. The individual mandate is now gone. Due to this, many people have loose the coverage as well as cost of premium has been gone higher.

Now, President Donald trump has pushed the schemes like Medicaid, Medicare, food stamps and housing subsidies to the poor as well as normal citizens of the USA.

Now we shall discuss the trump’s decisions on Federal relaxation on fair wage laws,

Trump has made it easier to pay women and minorities less amount of wages. As per his decision employers having less than 100 employees will be come under this relaxation.

Trump administration has revised the overtime pay laws. He has favoured the employers in this regards as workers are raising their voice.

Apart from this, Mr. Trump has changed the many old laws like health and safety laws, environmental laws, real estate laws, foreign aid laws, etc.

I am agreeing with the changes made by the respected president. The reason behind is that many people were demanding for the same. A president will have many reasons to support his public views. He has taken such decisions for seeing the growth, and advancement perspectives of USA. He is bold leadership. Many decisions taken by him were inspired by patriotic feelings as well as for the welfare of poorer section of the Americans.

References:

https://www.ampcapital.com/site-assets/articles/latest-news/us-fiscal-policy-making-sense-of-recent-changes

https://www.investopedia.com/news/president-trumps-many-stances-monetary-policy/

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