Presidential administrations have a significant impact on various aspects of American life, including taxes, healthcare, and the selection of Supreme Court justices. The next president, whether it is Republican nominee Donald Trump or Democratic nominee Kamala Harris, will need to address critical issues such as the extension of the Trump tax cuts, the expiration of Obamacare subsidies, government funding to avoid a shutdown, and military aid for conflicts in Ukraine and Gaza. Additionally, the next president may have the opportunity to replace up to three Supreme Court justices, potentially reshaping the court for years to come.
The Trump tax cuts of 2017, which significantly changed the tax code, are set to expire in 2025 and will have a major impact on federal revenue. The next president and Congress will need to decide whether to extend these cuts and how to address other policy proposals such as Social Security, Medicare, and child care costs affected by this decision.
The end of enhanced subsidies for Obamacare in 2025 poses a challenge for the next president, as millions of Americans could face increased premiums. The extension of these subsidies would cost billions of dollars over the next decade.
Other key issues include government funding to avoid a shutdown, military aid for conflicts in Ukraine and Gaza, and potential Supreme Court vacancies. The next president’s decisions on these matters will shape the direction of the country for years to come. Immigrants and border policies are also areas of focus, with Trump advocating for mass deportations and Harris supporting a bipartisan border security bill with expanded detention capacity and changes to asylum qualifications. However, these policies may require substantial changes to gain the necessary bipartisan support.
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