Trump's Election Challenges

This is a US news story, published by Yahoo Finance, that relates primarily to John Paulson news.

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presidential power

Yahoo Finance

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Where Donald Trump can act unilaterally on his campaign promises — and where he will need Congress

Summary

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76% Informative

On two of his signature promises, a new wave of tariffs on imports from around the world and a "mass deportation" of undocumented immigrants, an American president is imbued with considerable authority to act unilaterally.

The still unsettled picture of who will control the House of Representatives will shape what Trump is able to implement on issues like tax cuts and green energy credits.

Billionaire financier John Paulson wants to gutting the IRA and eliminating green energy subsidies.

Such a move could save the US government about $921 billion over the coming decade .

Trump would almost surely need control of Congress to follow through with such a move.

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semi-formal

Language

English

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Offensive language