On November 8th, voters elected Donald Trump as our next President of the United States. Following this long and hard fought election cycle, the McKeon Group wanted to take the opportunity to shed some light on how a Trump Administration’s policies might impact some issue areas of concern to our clients including; Defense, Education and Labor.
Trump argues that the military is too small to accomplish its assigned missions. He has not said how he would pay for his desired funding increases, other than calling for an audit of the Pentagon’s books and economizing in broad ways like “reducing duplicative bureaucracy.”
He says he would work with Congress to repeal what Washington calls “sequestration,” or across-the-board budget cuts. Without that repeal, or other legislative action to stabilize the defense budget, Trump would have little or no room for the kinds of increased spending he has proposed. He has promised, for example, to invest unspecified amounts in a “serious” missile defense network to protect the United States from potential long-range missile strikes from North Korea and Iran.
- Work with Congress to fully repeal the defense sequester and submit a new budget to rebuild our depleted military.
- Increase the size of the U.S. Army to 540,000 active duty soldiers, which the Army Chief of Staff says he needs to execute current missions.
- Rebuild the U.S. Navy toward a goal of 350 ships, as the bipartisan National Defense Panel has recommended.
- Provide the U.S. Air Force with the 1,200 fighter aircraft they need.
Grow the U.S. Marine Corps to 36 battalions.
- Invest in a serious missile defense system to meet growing threats by modernizing our Navy’s cruisers and procuring additional, modern destroyers to counter the ballistic missile threat from Iran and North Korea.
- Emphasize cyber warfare and require a comprehensive review from the Joint Chiefs of Staff and all relevant federal agencies to identify our cyber vulnerabilities and to protect all vital infrastructure and to create a state-of-the-art cyber defense and offense.
- Pay for this necessary rebuilding of our national defense by conducting a full audit of the Pentagon, eliminating incorrect payments, reducing duplicative bureaucracy, collecting unpaid taxes, and ending unwanted and unauthorized federal programs.
Trump wants to immediately add an additional federal investment of $20 billion towards school choice. This will be done by reprioritizing existing federal dollars. He intends on giving states the option to allow these funds to follow the student to the public or private school they attend. Distribution of this grant will favor states that have private school choice, magnet schools and charter laws, encouraging them to participate.
He wants to establish the national goal of providing school choice to every one of the 11 million school-aged children living in poverty. If the states collectively contribute another $110 billion of their own education budgets toward school choice, on top of the $20 billion in federal dollars, that could provide $12,000 in school choice funds to every K-12 student who today lives in poverty.
He intends on working with Congress on reforms to ensure universities are making a good faith effort to reduce the cost of college and student debt in exchange for the federal tax breaks and tax dollars. He wants to ensure all American students have the opportunity to attend a two or four-year college, or to pursue a trade or a skill set through vocational and technical education, will be easier to access, pay for, and finish.
Trump wants to lower taxes, remove regulations, use the vast treasure of American energy, and negotiate trade deals that are intended to put American companies first. Over the next ten years, Trump’s economic team estimates that under the plan the economy will average 3.5% growth and create a total of 25 million new jobs. This growth is intended to mean that his jobs plan, including childcare reforms, will be completely paid-for in combination with proposed budget savings. Trump claims it will be deficit neutral, if we reach 4% growth, it will reduce the deficit. It will be accomplished through a complete overhaul of our tax, regulatory, energy and trade policies.
- Trump revealed an economic plan which he said would create 25 million new jobs and grow the economy at an annual rate of at least 3.5 percent. The plan includes reductions in non-defense spending, lower taxes, penalties for companies that move overseas, fewer environmental regulations, and a renegotiation of NAFTA.
- Trump called for six weeks of paid maternity leave. He said, “our plan offers a crucial safety net for working mothers whose employers do not provide paid maternity leave. Trump campaign officials told The Washington Post that paid maternity leave would be paid for by “savings achieved by eliminating fraud in the unemployment insurance program.”
- Donald Trump said that he “would like to raise it [the federal minimum wage] to at least $10.” Trump also said that “states should really call the shots” on setting a minimum wage.