Usually when incoming Presidents declare their “Day One” plans, they don’t actually happen on Day One….
Some don’t happen at all.
But with President Trump’s Second Term we’ll likely see the busiest and most jam-packed Day One in Presidential history.
That shouldn’t come as a surprise, considering that President Trump’s Transition Team started meeting BEFORE the Election….
Plus, he’s a businessman that hates delays, hates waste, hates being slowed down, and knows that these four years are going to fly by and he absolutely has to maximize every minute (literally).
So he’s going to hit the ground running, and I want to show you everything we know so far about what he has planned for Day One.
Let’s start with an Executive Order (that’s probably already written now in November and ready to go) to end birthright citizenship:
Trump plans to sign an executive order to end birthright citizenship for the children of illegal migrants on day one:
“Going forward, the future children of illegal aliens will not receive automatic US citizenship.”pic.twitter.com/kOBnsPnBB0
— Julia (@Jules31415) November 7, 2024
Longer clip here:
NEW: Upon taking office, President-elect Donald Trump has vowed a DAY ONE EXECUTIVE ORDER to END citizenship for the children of illegal aliens.
He also plans to outlaw “birth tourism” – traveling here just to give birth, and thus, root citizenship.
“This policy is a reward… pic.twitter.com/QaOmU0AGW3
— Eric Daugherty (@EricLDaugh) November 8, 2024
NEW: Upon taking office, President-elect Donald Trump has vowed a DAY ONE EXECUTIVE ORDER to END citizenship for the children of illegal aliens.
He also plans to outlaw “birth tourism” – traveling here just to give birth, and thus, root citizenship.
“This policy is a reward for BREAKING THE LAWS of the United States.”
“It is a MAGNET helping draw the flood of illegals across our borders. They come by the millions.”
“On day one, I will sign an executive order making clear to federal agencies that under the correct interpretation of the law – going forward, the future children of illegal aliens will not receive automatic U.S. citizenship.”
Then we have the resignation (or firings) of every single military leader involved with the Afghanistan withdrawal debacle:
Trump wants the resignations of every military leader involved with the HORRIBLE Afghanistan withdrawal, on DAY ONE!
pic.twitter.com/IjOiybGG5d— Antonio Sabato Jr (@AntonioSabatoJr) November 9, 2024
US News had a longer list:
Throughout his campaign, former President Donald Trump made a variety of promises about what would happen on ‘Day One’ of his presidency, including vowing to be “a dictator,” ending the war in Ukraine and cutting funding to schools for their policies on “critical race theory” and transgender students
In December, Trump shared his ‘Day One’ plans with Fox News host Sean Hannity, who asked Trump if he would promise to “never abuse power as retribution against anybody.”
“Except for Day One,” Trump said in response. “I want to close the border, and I want to drill, drill, drill…We’re closing the border and we’re drilling drilling drilling. After that I’m not a dictator.”
While some of his promises are more likely to come to pass than others, they offer a window into Trump’s priorities as he prepares for a return to the White House.
Here’s a look at what Trump has said are his top priorities for his first day in office:
Mass Deportation and an Immigration Overhaul
At Trump’s rallies, one of his oft-repeated promises is a mass deportation of immigrants on ‘Day One.’
“On Day One, I will launch the largest deportation program in American history to get the criminals out,” Trump said at his Madison Square Garden rally on Oct. 28. “I will rescue every city and town that has been invaded and conquered, and we will put these vicious and bloodthirsty criminals in jail, then kick them the hell out of our country as fast as possible.”
How? Trump has mentioned using local law enforcement and the National Guard to assist with the removal process.
Trump campaign senior advisor Jason Miller said Wednesday in an interview that the plan is to immediately return to Trump-era border policies.
“All of the secure border policies that we had in place with President Trump, he can simply flip the switch and put those back in place just like they were before. They didn’t need an act of Congress,” Miller said.
‘Drilling, Drilling, Drilling’
Trump’s second priority when he returns to Washington is bringing down inflation, which he believes can be done by increasing oil and gas drilling and rolling back clean energy regulations.
“On Day One of the Trump administration, I will terminate Kamala’s insane electric vehicle mandate, and we will end the green new scam once and for all. The green new scam will end,” Trump said at a rally in October, adding that regulation leads to a higher cost of goods.
The Green New Deal – a congressional proposal that lays out policy plans for combatting climate change – was never passed or signed into law. It’s possible that Trump and his allies are referring to the Inflation Reduction Act signed into law by President Joe Biden, which includes climate and clean energy initiatives.
Trump also said at a rally in May that he intended to sign an executive order on his first day that would end offshore wind projects. His campaign has also said he would approve federal drilling permits and pending pipeline projects.
“When we think about energy exploration, how we get back to drilling, which ultimately then will bring down prices, bring down inflation, he can do that on his own,” Miller said, meaning that Trump won’t need Congress to approve those policy changes.
However, repealing and replacing regulation will likely take longer. At a minimum the process requires a public comment and answer period. And most new regulations also require a 30-day delayed effective date, according to the Administrative Procedure Act.
Getting Rid of Jack Smith and Pardoning Jan. 6 Rioters
Trump has repeatedly said he would get rid of special counsel Jack Smith, the special prosecutor appointed by Attorney General Merrick Garland who has brought two federal cases against Trump, the election subversion case and the classified documents case.
“I would fire him within two seconds. He’ll be one of the first things addressed,” Trump said in an interview on Oct. 24.
While Trump likely can’t fire Smith directly, because Smith is not a presidential appointee, he could order the Department of Justice to remove him. For his part, Smith is reportedly evaluating how to wind down the two cases against Trump.
Trump has also said he plans to pardon members of the Jan. 6 mob that stormed the Capitol following Trump’s 2020 presidential election loss to Biden.
“I am inclined to pardon many of them. I can’t say for every single one, because a couple of them, probably they got out of control,” he said at a town hall.
At a rally In September, Trump said, “The moment we win, we will rapidly review the cases of every political prisoner unjustly victimized by the Harris regime. And I will sign their pardons on Day One.”
More than 1,500 people have been charged with federal crimes stemming from the attack on the Capitol, according to the Department of Justice earlier this month.
Ending the War in Ukraine
Trump has made several other promises about his first day in office that will be harder to keep.
For one, Trump has criticized the amount of aid the Biden administration has sent to Ukraine, and has said repeatedly he would end Russia’s war against Ukraine, even before he takes office.
“They’re dying, Russians and Ukrainians. I want them to stop dying. And I’ll have that done – I’ll have that done in 24 hours,” Trump said at a town hall.
I actually thought this video was one of the best I’ve seen.
So enjoy this one (transcript below if that’s easier for you):
FULL TRANSCRIPT:
This is going to be a really detailed video on what to expect on day one and how it could affect you. Now, if you want to know how I’m trading during the day in reaction to some of these announcements, make sure to be a part of the Stocks and Psychology of Money group linked down below. You get all my trade alerts every time I make a day trade, a swing trade, a long trade—any kind of trade alert that I send, I send it to you there. So, make sure you’re a part of that; it’s linked below.
Let’s get started.
Hey everyone, Meet Kevin here. Oh boy, Donald Trump’s day one is already shaping up—you can’t make this up. Just this morning, the front page of the Wall Street Journal, the top article: Trump advisers ramp up work on mass deportation, pushing to get started essentially on day one.
So, in this video, we’re going to talk about the massive “dictator on day one” plans for what Donald Trump is thinking when it comes to deportations, tax breaks, natural gas and oil, and other benefits. And what does this mean for you in the stock market?
Let’s break down everything we know about Donald Trump’s dictator-on-day-one plans. And when I say that, it’s not meant to be a slam like the Democrats used it; instead, it’s just quoting Donald Trump. So we’ll keep it neutral here and get into the actual policies. I think that’s usually what can unite us: talking about actual policy.
So, you’re thinking, “Alright, Kevin, what does this actually mean for us?” Let’s get into it.
Kevin (Meet Kevin):
First, let’s hit this deportation article. Advisers for Trump are already planning the massive deportations that Donald Trump promised during his campaign. Keep in mind, his closing line when he basically wrapped up his acceptance speech was “Promises made, promises kept.” So, buckle up—you’re about to see some of these get executed.
Let’s see how they end up working. But first, think about this contrast:
Joe Biden had a rule not to pursue undocumented immigrants who entered the country and then did not commit other crimes. So in other words, if you got into the country, you sort of had this Florida-style “wet foot, dry foot” policy where if you made it to the U.S. and just didn’t break any other laws, they didn’t really chase you down or prosecute you. Donald Trump plans to end that right away. In fact, he might go as far as declaring a national emergency on day one, or soon after he begins his presidency, to use military assets—which could be the National Guard or other national or military bases throughout the country—to basically begin mass deporting people.
So, think about it like this: rounding folks up in convoys, bringing them to military bases, and flying them out on C-130s, lined up like troops going to war.
Discussions of this began months before the election in terms of how they’re going to plan to target 1.3 million immigrants with final deportation orders. They’re going to find them, round them up, and send them out. This includes some with criminal convictions, and Donald Trump argues that he’s going to find the other 8 million who came into the country illegally and deport all of them, potentially up to as many as 20 million.
Although, the 20 million number is a debated one—it’s unclear if there actually are 20 million undocumented immigrants in the country. Some people say it’s closer to 11 million, and that it grew to around 13 or maybe 14 under Biden. Donald Trump implies it was zero and turned into 20 million under Biden. The number is somewhere in between there, but anyway, this is a big deal.
In fact, there are a lot of people who have families in the United States, and they are part of undocumented families. I mean, we still have to get to tax policy, and there’s a lot to cover. But I think it’s worth listening to this.
Family Testimonial (off-screen):
One family describes their life with an undocumented father. The father says:
“I don’t make any trouble. I just go work and come home. My family is scared for me tonight.”
Millions of families brace for what’s next, knowing life could soon change for families like this.
Kevin (Meet Kevin):
Expectedly, life is probably about to change for families like this because, even though they’ve been living in the shadows already, they might have to go even deeper. I know of undocumented immigrants who are now trying to get further and further away from the border on purpose. They won’t even travel to areas like San Diego, just to avoid potential roundup efforts that might involve tracking before Trump’s presidency as departments like Homeland Security prepare.
Advisers for Trump are already considering declaring national emergencies on day one to repurpose Pentagon funds, essentially to get more money to conduct this deportation right away. Donald Trump has promised this would be a day one national emergency. I’m skeptical it will actually happen on day one, but if it does, this could be the largest deportation in history, says the Wall Street Journal.
Donald Trump plans to renegotiate “Remain in Mexico” and intends to revoke the temporary protected status for millions, which includes people from Haiti, Venezuela, Afghanistan, Ukraine, and others who entered the United States. They received temporary protected status, which allows them to stay here, obtain a driver’s license, get a taxpayer identification number, and work authorization. They’re allowed to stay for one or two years, and sometimes that gets extended, or they marry someone who is American and become citizens themselves.
Kevin (Meet Kevin):
Now, let’s talk about taxation. There are some tax policy ideas on the table. For instance, Trump has suggested there could be no taxes on tips and changes to Social Security taxes. Through budget reconciliation, Trump could potentially limit the Inflation Reduction Act, remove EV tax credits, and introduce new tax cuts. But it all comes down to whether these will actually be executed.
For example, if Trump does push for more liquefied natural gas exports and terminals in the United States, this could bring revenue through natural gas, which is abundant here. Trump also has plans to revoke waivers allowing states like California to impose stricter pollution standards, particularly around oil and gas, which he sees as restrictive to industry growth.
Moreover, Trump has hinted at possibly appointing an “energy czar” to coordinate cuts and supply expansions in fossil fuels, marking a stark shift from the Biden administration’s approach focused on demand constraint.
Kevin (Meet Kevin):
Another key policy area will likely be tariffs. For instance, Morgan Stanley estimates that a 60% tariff on China and 10% on the rest of the world could increase core inflation by about 0.9% and reduce GDP by around 1.5%. It’s expected that there could be negotiations around these tariffs, rather than an immediate blanket approach. Trump’s team is keen on ensuring that any deals benefit the United States.
On the regulatory side, Trump is likely to relax rules around mergers, including in the oil and gas industries. He also plans to withdraw from the Paris Climate Accord, loosen EPA regulations, and even relocate the EPA out of Washington, D.C., to minimize its connections with environmental lawyers and lobbyists.
For federal lands, Trump might revoke protections that increase risks to endangered species but open up more lands for oil and gas drilling. And finally, Trump has proposed actions such as pardoning January 6th defendants, firing certain officials, and possibly even phasing out the Department of Education, though that would require congressional approval.
Kevin (Meet Kevin):
So what does all this mean for you?
For day one, the market impact may be limited because most tax policy changes would take time to implement. However, Trump’s approach on deportations and deregulations could affect specific communities immediately. As for the stock market, any Trump-related enthusiasm may already be priced in, so watch for potential corrections as reality sets in.
This is a Guest Post from our friends over at WLTReport.
View the original article here.
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