Fiskální politika prezidenta Donalda Trumpa s důrazem na daňové změny

The thesis analyzes the fiscal policy of President Donald Trump during his first presidential term, with an emphasis on the tax changes adopted under the Tax Cuts and Jobs Act. It focuses primarily on the period between 2016 and 2022 in order to capture both the years preceding the inauguration of the Republican president and the early years following the end of his term and the arrival of the Democratic administration led by President Biden. The main objective of the thesis is to evaluate the validity of the stated hypothesis: Donald Trump´s tax reform led to short-term economic growth, but simultaneously deepened income inequality and increased the federal debt. The practical part first presents an analysis of the development of the federal budget revenues, expenditures and the overall balance, including an assessment of the impact of the tax changes on these developments and on the federal debt. The thesis then examines the extent to which the Republican tax changes affected selected areas of the U.S. economy, such as economic growth and income inequality. The main conclusion of the thesis is a confirmation of the hypothesis in its entirety. The author argues that Donald Trump´s tax reform resulted in short-term economic growth while also exacerbating income inequality and increasing the federal debt.