Trump On Climate Change Accord, Dodd-Frank, Social Security

Donald Trump has made it clear that he is against the Carbon Tax.  Much to the dismay abroad he just told Reuters he would renegotiate the Paris Climate Accord.

“Trump said he is “not a big fan” of the Paris climate accord, which prescribes reductions in carbon emissions by more than 170 countries. He said he would want to renegotiate the deal because it treats the United States unfairly and gives favorable treatment to countries like China.

“I will be looking at that very, very seriously, and at a minimum I will be renegotiating those agreements, at a minimum. And at a maximum I may do something else,” he said.

A renegotiation of the pact would be a major setback for what was hailed as the first truly global climate accord, committing both rich and poor nations to reining in the rise in greenhouse gas emissions blamed for warming the planet.

Trump has been criticized for offering far fewer specific policy proposals than Clinton, his likely rival for the Nov. 8 presidential election.

The New York billionaire said he planned to release a detailed policy platform in two weeks that would propose dismantling nearly all of Dodd-Frank, a package of financial reforms put in place after the 2007-2009 financial crisis.

“Dodd-Frank is a very negative force, which has developed a very bad name,” he said.

Trump took a dim view of Clinton’s stated desire to put her husband, former President Bill Clinton, in charge of building up the U.S. economy.

“The wife wants to make him in charge of the economy,” he said.

Clinton described Trump’s idea of dismantling Dodd-Frank as reckless. “Latest reckless idea from Trump: gut rules on Wall Street, and leave middle-class families out to dry,” she said on Twitter.”

(Note to readers Democrats warming to subsidizing the banks).

Other important points to note from the Reuters article:

“On the U.S. Federal Reserve, Trump said that while he eventually wants a Republican to head it, he is “not an enemy” of current chair Janet Yellen, who was appointed by Obama.”

and

“The real estate mogul said he would maintain the current level of benefits for Social Security recipients, a position championed by former Republican presidential candidate Mike Huckabee. Trump said he would not raise the retirement age or impose a sliding scale of benefits depending on income levels.”

Read the Reuters article in full