GETTY Trump's US sees economic prosperity?

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Business investment on new equipment increased by 8.6 per cent annualised rate. And the unemployment rate has also fallen to 4.2 per cent. All of this has occurred before the Republicans have even delivered on their tax cut and reform package. The motive behind these proposed movements by the Republicans is to lower marginal income tax rates and to slash the US federal corporate income tax rate from 35 per cent to 20 per cent.

First 100 days of President Trump Mon, June 12, 2017 President Donald Trump is making a significant impact on global politics during his first term. Play slideshow REUTERS 1 of 23 President Donald Trump arrives at Newark International airport

Once it has passed through congress the tax package may have been altered substantially. If the package is secured economists such as Lauren Kotlikoff, Seth Benzes and Guillermo Laggard all believe it could add between three and five per cent to GDP. This rise would be transformed in to a remarkable four and seven per cent wage rise. Regarding new regulations, Trump has imposed a ”one-in, two-out” system similar to the UK system. He is also aiming to introduce more stringent regulatory budgets.