During his campaign, Trump repeatedly vowed to repeal and replace Patient Protection and Affordable Care Act (ACA or "Obamacare"). Shortly after taking office, he urged Congress to repeal and replace it. In May of that year, the House voted to repeal it. His first action as president was Executive Order 13765, which increased flexibility "to the maximum extent permitted by law" for the Cabinet to issue waivers, deferrals, and exemptions for the law while attempting to give states more flexibility. Executive Order 13813 was subsequently issued, designed to reduce regulations imposed under Obamacare by increasing competition. Trump has expressed a desire to "let Obamacare fail," and the Trump administration has cut the ACA enrollment period in half and drastically reduced funding for advertising and other ways to encourage enrollment. The 2017 tax bill effectively repealed the ACA's individual health insurance mandate in 2019, and a budget bill Trump signed in 2019 repealed the Cadillac plan tax, medical device tax, and tanning tax. As president, Trump has falsely claimed he saved the coverage of pre-existing conditions provided by ACA, while his administration declined to challenge a lawsuit that would eliminate it. As a 2016 candidate, Trump promised to protect funding for Medicare and other social safety-net programs, but in January 2020 he suggested he was willing to consider cuts to such programs.
In April 2019, the House Oversight Committee issued subpoenas seeking financial details from Trump's banks, Deutsche Bank and Capital One, and his accounting firm, Mazars USA. In response, Trump sued the banks, Mazars, and committee chairman Elijah Cummings to prevent the disclosures. In May, DC District Court judge Amit Mehta ruled that Mazars must comply with the subpoena, and judge Edgardo Ramos of the Southern District Court of New York ruled that the banks must also comply. Trump's attorneys appealed the rulings, arguing that Congress was attempting to usurp the "exercise of law-enforcement authority that the Constitution reserves to the executive branch".
More InfoIn April 2019, the House Oversight Committee issued subpoenas seeking financial details from Trump's banks, Deutsche Bank and Capital One, and his accounting firm, Mazars USA. In response, Trump sued the banks, Mazars, and committee chairman Elijah Cummings to prevent the disclosures. In May, DC District Court judge Amit Mehta ruled that Mazars must comply with the subpoena, and judge Edgardo Ramos of the Southern District Court of New York ruled that the banks must also comply. Trump's attorneys appealed the rulings, arguing that Congress was attempting to usurp the "exercise of law-enforcement authority that the Constitution reserves to the executive branch".
More InfoAccording to Michael Barkun, the Trump campaign was remarkable for bringing fringe ideas, beliefs, and organizations into the mainstream. During his presidential campaign, Trump was accused of pandering to white supremacists. He retweeted open racists, and repeatedly refused to condemn David Duke, the Ku Klux Klan or white supremacists, in an interview on CNN's State of the Union, saying he would first need to "do research" because he knew nothing about Duke or white supremacists. Duke himself enthusiastically supported Trump throughout the 2016 primary and election, and has said he and like-minded people voted for Trump because of his promises to "take our country back".
More InfoIn the late 1980s, Trump mimicked the actions of Wall Street's so-called corporate raiders, whose tactics had attracted wide public attention. Trump began to purchase significant blocks of shares in various public companies, leading some observers to think he was engaged in the practice called greenmail, or feigning the intent to acquire the companies and then pressuring management to repurchase the buyer's stake at a premium. The New York Times found that Trump initially made millions of dollars in such stock transactions, but later "lost most, if not all, of those gains after investors stopped taking his takeover talk seriously".
More InfoTrump signaled his intention to run for a second term by filing with the FEC within a few hours of assuming the presidency. This transformed his 2016 election committee into a 2020 reelection one. Trump marked the official start of the campaign with a rally in Melbourne, Florida, on February 18, 2017, less than a month after taking office. By January 2018, Trump's reelection committee had $22 million in hand, and it had raised a total amount exceeding $67 million by December 2018. Trump became the Republican presumptive nominee on March 17, 2020, after securing a majority of pledged delegates. Trump's re-election campaign saw declining poll numbers by mid-2020, reflecting dissatisfaction with his handling of the COVID-19 pandemic and widespread racial justice protests following the killing of George Floyd.
More InfoWe don't show ads. Help us keep it that way.