https://www.nytimes.com/2017/01/20/upshot/federal-policy-will-shift-not-all-states-will-shift-with-it.html?ref=economy
With the arrival of an unprecedented Trump presidency comes many unknowns. How will the world react? How will the markets react? How will the states react? This article explores the differing reactions states are having to Trump. For example, Gov. Jerry Brown of California has increased efforts in California to combat climate change by negotiating carbon emission reduction agreements with other states and countries in response to Trump's declared skepticism of climate change. In reaction to the threat of a Republican Congress withdrawing support of Planned Parenthood, states have increased state levies to maintain funding for the organization. Some states, such as California, are raising the marginal income tax rate to fund healthcare and other programs at risk of ending. Though the arrival of new President Trump will carry repercussions, states have always had the power to experiment and do their own thing in reaction to the federal government. Part of the United State's economic system is the separation of power between the states and the federal government. This decentralized structure of power allows for reactions to a new leader, especially now.
7 comments:
It will be very interesting to see how and if states react to the Trump's recent executive orders to proceed with Dakota Access and Keystone XL pipelines. It seems to be that many states have different views on climate change than Trump, so maybe we will get to see some heavy resistance.
Yeah, I am curious to see what happens. I think many voters for Trump were influenced by the idea that he will boost the economy. However, it seems some of it from a basic economic standpoint doesn't sound beneficial. For example, Trump's strong interest in limiting foreign trade will likely undermine the benefit brought to consumers and many business from cheaper foreign goods. In addition, the push for environmental friendly business practices may serve profitable and more efficient in the future than our current system. Some alternative energy sources could allow us to produce things more cheaply and more easily replenished than some of our current practices.
I am also interested to see what the future holds, particularly in terms of the economic impact on the environment. I agree that it's possible that tapping into environmentally friendly energy sources has great potential. Do you think it's likely the President will push to incentivize actors in the alternative/renewable energy markets? Or will that responsibility rest solely with the states? For many states, there is a concern that the longevity of the environment will be sacrificed in the name of economic well-being and increased GDP, which will undoubtedly prove to be contentious, as Brooks suggested.
I've tried to be an optimist in regards to the entire Trump presidency, but I'm curious to see what will happen if states start to take the roles traditionally held by the federal government into their own hands. It will be interesting to see what states are more successful and which fail to thrive. California is one of the world's largest economies so if they undermine everything Trump does with policy then I am interested to see how he will respond. Or how their economy will respond.
Yeah I am too. I think there are a lot of road blocks that stop or at least slow down some of the policies that Trump is planning to Implement. On the state level, as you mentioned big states like California, and federally, Congress has to be willingly to allocate funds for these policies to materialize. So either of these intervening bodies could slow/stop policies.
Trump has put together a cabinet that will certainly put together policies to help big businesses thrive with numerous tax breaks, however America is more than just big businesses. I think Obama left Trump with a stable America and for Trump to undo many of those stabilizing polices might open up issues that will create widespread anger for many Americans. For example if Obamacare is successfully repealed what will it be replaced with? And what will happen to the 20 million Americans insured under Obamacare? It'll be interesting to see what will happen in the coming months.
this article was a very interesting read. it will be interesting to see how people are going to react since Trumped approved the pipe line to go in. will there be huge backlash from the people? and another thing brought up is healthcare, if they do get rid of obamacare will the people on it lose all health care or will they get to keep it but no one else will be able to get it if they are not already on it?
Post a Comment