Candidate person for The Republican Party
Professional Background Information
Chairman and President, The Trump Organization
Over the years, Mr. Trump has owned and sold many great buildings in New York including the Plaza Hotel (which he renovated and brought back to its original grandeur, as heralded by the New York Times Magazine), the St. Moritz Hotel (three times and now called the Ritz Carlton on Central Park South) and until 2002, the land under the Empire State Building (which allowed the land and lease to be merged together for the first time in over 50 years).
Additionally, the NikeTown store is owned by Mr. Trump, on East 57th Street and adjacent to Tiffany's. In early 2008, Gucci opened their largest store in the world in Trump Towe
Mr. Trump was also the developer of the largest parcel of land in New York City, the former West Side Rail Yards which is now Trump Place. On this 100 acre property, fronting along the Hudson River from 59th Street to 72nd Street, is the largest development ever approved by the New York City Planning Commission.
Donald John Trump was born on June 14, 1946, in Queens, New York, the fourth of five children of Frederick C. and Mary MacLeod Trump. Frederick Trump was a builder and real estate developer who came to specialize in constructing and operating middle-income apartments in Queens, Staten Island and Brooklyn. Donald was an energetic, assertive child, and his parents sent him to the New York Military Academy at age 13, hoping the discipline of the school would channel his energy in a positive manner.
Trump did well at the academy, both socially and academically, rising to become a star athlete and student leader by the time he graduated in 1964. He then entered Fordham University and two years later transferred to the Wharton School of Finance at the University of Pennsylvania, from which he graduated in 1968 with a degree in economics.
Candidate Plan for Presidency
Trump has certainly been this election cycle's most riveting figure. He initially focused his attention on immigration reform, calling for a wall to be built between Mexico and the United States and demanding the deportation of 11 million undocumented immigrants.
He has since rolled out other policies and positions: a major tax code overhaul; repeal and replace Obamacare; renegotiate or "break" NAFTA; stop hedge funds from "getting away with murder" on taxes; reforming the Veteran's Administration; andimpose import tariffs as high as 35%. All while keeping the deficit in check, growing the economy and leaving entitlement programs like Medicare and Social Security untouched. Immigration remains a major pillar of his campaign, and he has now moved on to the question of Muslim immigration as well. He has finally laid out a plan to make Mexico pay for the wall, too.
Trump has made plenty of enemies along the way as well, including but limited to fellow GOP contenders Ted Cruz and Jeb Bush, New York Mayor Bill de Blasio, Fox News journalist Megyn Kelly, the media in general and even the Pope.
Those who fear Trump's plans should find common cause with those who love them: "I'm not sure how much of what he actually says today will be his positions a year from now," said Michael Busler, professor of finance at Stockton University.
Trump's own campaign has suggested he is playing "a part" to garner votes.
While Trump certainly has some grandiose ideas -- and equally lofty rhetoric to accompany them -- deciphering the exact nature of his economic policies is a complex task, according to John Hudak, a fellow in governance studies at Washington, D.C.-based think tank the Brookings Institution.
Not to mention the fact that if he does make it to the Oval Office, Trump won't have a free pass from Congress, even if it remains under the control of the Republican Party (as you'll see, many of his positions don't exactly hew closely to GOP policies).
Taking legislative hurdles out of the equation, what will the U.S. economy and markets look like if Trump becomes No. 45.
Trump's Expensive Immigration Plan
Trump's immigration plans cost him a handful of business deals, but they might cost the United States much more.
The American Action Forum, a right-leaning policy institute based in Washington D.C., estimates that immediately and fully enforcing current immigration law, as Trump has suggested, would cost the federal government from $400 billion to $600 billion. It would shrink the labor force by 11 million workers, reduce the real GDP by $1.6 trillion and take 20 years to complete (Trump has said he could do it in 18 months).
"It will harm the U.S. economy," said Doug Holtz-Eakin, president of the American Action Forum and chief economic policy adviser to Sen. John McCain's 2008 presidential campaign. "Immigration is an enormous source of economic vitality."
The impact would be felt on both supply and demand.