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GOBanking Rates reviewed Trumps policies in several key areas.
Here are five waysTrumps second-termpromises could affect the poor.
However, critics said thetax cutprimarily benefits higher-income households and wouldnt provide substantial relief to low-income families.
While campaigning in Las Vegas, Trump promised to end income taxes ontipped wagesfor waitstaff and casino workers.
Trump has vowed torepeal the Affordable Care Act (ACA),commonly known as Obamacare.
The Affordable Care Act enabled many states to expand Medicaid eligibility, providing coverage to millions of low-income individuals.
The Act also prohibits insurance companies from denying coverage based on pre-existing conditions.
However, some low-income familiesstill cant afford out-of-pocket costseven with government subsidies.
The programs complexity also makes it difficult for families to select appropriate plans and find preferred doctors and hospitals.
This could lead tosignificant savings in healthcare costs.
In addition, if reelected, he promisedto levy a 60% tariffon all Chinese imports.
However, such trade policies couldincrease the price of itemsmost people buy and disproportionately affect low-income families.
Trump hasproposed eliminating the federal Education Department.
That money could be used for savings accounts forparents to pay for private schoolor other education expenses.
Energy pricescould decrease in the short termdue to the increased supply.
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