Make a comment to these two posts:
post 1: The differences in fiscal policies among the 2 presidents and its implications is that when it comes to healthcare, Trump is focused on undoing the Affordable Care Act. He has halted reimbursements to insurers with low-income clients. Furthermore, Trump has signed the Tax Cuts and Jobs Act, which repeals the Affordable Care Act’s mandate that everyone pay a tax or have health insurance. Obama, on the other hand, championed the Affordable Care Act (ACA) throughout his presidency with the goal of lowering healthcare costs that were threatening personal bankruptcy.
In terms of regulations, Obama signed the Dodd-Frank Wall Street Reform Act, which regulates non-bank financial firms like hedge funds. Nonetheless, Trump has signed an executive order directing the Treasury Secretary to evaluate the Dodd-Frank Wall Street Reform Act. Both led to enhanced short- and long-term economic development, although the stock markets climbed substantially under Trump’s presidency, and bilateral ties improved significantly as compared to Obama’s.
Post 2: Tax and expenditure policies are used to monitor and affect the economy by adjusting tax rates and spending levels. It is possible to tell the difference between President Trump’s budgetary policies and President Obama’s simply comparing their methods. However, Obama wants to boost taxes on the wealthy, tighten regulations and enhance healthcare coverage.In terms of healthcare, Trump wants to undermine Obamacare. Insurers with low-income customers no longer receive compensation from him. Donald Trump has also enacted a law repealing the Affordable Care Act mandate that everyone pay a tax or have health insurance. In this way, healthy people can cancel their insurance policies and leave the insurance companies with the expensive sick people. Consequently, insurance rates have gone up. Obama, on the other hand, championed the Affordable Care Act during his presidency in order to reduce healthcare expenses that were threatening to lead to personal bankruptcy.Aiming at lowering government expenditures, Trump withdrew from the Trans-Pacific Partnership (TPP). Aside from that, he has threatened to withdraw out of NAFTA and has pledged to negotiate stronger bilateral arrangements with other countries. According to Obama, the Trans-Pacific Partnership was negotiated by him while he was in office.
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