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Donald Trump has big plans for his second administration. This is what he suggested

Donald Trump has big plans for his second administration. This is what he suggested

But it is unclear whether his administration will aggressively defend against lawsuits aimed at limiting access to abortion pills, including mifepristone, as the Biden administration has done. Abortion advocates continue to fight legal battles over the Food and Drug Administration’s approval of the drug and easing restrictions on its prescribing. Trump is also unlikely to follow Biden’s orders that hospitals provide abortions to women who have medical emergencies, even in states with bans.

Trump’s tax policies generally target corporations and wealthier Americans. This is mainly due to his promise to extend tax reform in 2017 with several notable changes, including reducing the corporate income tax rate to 15% from the current 21%. It would also eliminate an income tax hike proposed by Democratic President Joe Biden for the wealthiest Americans and eliminate Inflation Reduction Act levies that fund energy measures aimed at combating climate change.

Despite these policies, Trump is placing greater emphasis on new proposals aimed at working and middle-class Americans: exempting earned tips, Social Security wages and overtime wages from income taxes. Notably, however, his tipping proposal, depending on how Congress writes it, could provide behind-the-scenes tax breaks for the highest earners by allowing them to reclassify part of their paychecks as tip income—a prospect that, at best, fringes may see coming , how hedge fund managers or high-profile lawyers will take advantage of the policy, which Trump says is designed for restaurant servers, bartenders and other service industry workers.

Trump’s position on international trade is to distrust global markets because they are harmful to American interests. He proposes tariffs on foreign goods ranging from 10% to 20%, and in some speeches he has mentioned even higher percentages. He promises to restore an August 2020 order requiring the federal government to buy “essential” drugs only from American companies. He promises to block purchases of “any critical infrastructure” in the US by Chinese buyers.