# Deficit reduction and social-policy reversal consolidate Costa era

Date: 2017

The economic policy of the first [Trump](/people/mig-donald-trump) administration was characterized by the individual and corporate tax cuts, attempts to repeal the Affordable Care Act ("Obamacare"), [trade protectionism](/drivers/trade-protectionism), deregulation focused on the energy and financial sectors, and responses to the [COVID-19 pandemic](/drivers/covid-19-pandemic).

## Sources

_Sources are listed on the canonical page._

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/deficit-reduction-and-social-policy-reversal-consolidate-costa-era-2017