Donald Trump won the 2016 election to be the next President of the United States. The 45th President will take office on Jan. 20, 2017. But with Trump as the President, the legacy created by Barack Obama stands to be at stake.
Two of the major legislative accomplishments that Obama had brought forth, the Dodd-Frank financial reform act and the 2010 Affordable Care Act, stand the risk of being rolled back as the Republican lawmakers suggested. And, in all probability, the George W. Bush's tax cut for the wealthy may be brought back, reports Quartz.
With a Republican majority in both the houses of Congress, Trump will surely not give any consideration to the legacy that Obama leaves behind. Moreover, he has already assured that he will be gutting the executive orders that Obama's administration had in place to sidestep the gridlock in Congress.
Notably, using the executive orders, Obama had stalled the deportation of illegal immigrants, who were minor children, increased the mandate wage for government contractors, for same-sex couples, the Family Medical Leave Act was allowed, and a lot more. But once Trump takes his office, he will most likely be scrapping all these.
Additionally, Obama's international commitments and the global deals to fighting the climate change may be done away with as Trump feels that these are all hoax. Trump has also threatened that he would scrap the landmark nuclear non-proliferation deal that the U.S. entered into with Iran. However, this may not be possible due to the key European allies that were made to implement the deal.
During the first year, Trump may reject all the free trade agreement and even give way to a trade war with a 35 percent to 45 percent hike in tariff.
Moreover, Trump may also take actions on other regulatory issues and it is expected that the net neutrality rules will be rolled back that the Obama's Federal Communications Commission had enforced.
