Republicans in congress will insist on “pay-fors”. These tax cuts while terrific and classy, will enlarge the deficit enormously.
Not if he leans government down...Which it badly needs....
Remember...Trump is NOT a “professional politician”.....
If he cuts taxes and gets government on the right track to start cutting spending, then where would the deficits come from? Biggest problem we’ve had for the last few decades, at least, is a bunch of people that don’t know squat, writing checks knowing that it doesn’t matter if there’s nothing there. They’ll just keep raising taxes or borrowing for their pet projects.
With Trump, being the business guy that he is, knowing how to squeeze every last penny to make a buck, he just might be able to pull it off. Of course, getting rid of as many illegals off the government boob will be a fantastic start.
“These tax cuts while terrific and classy, will enlarge the deficit enormously.”
Nope. Revenues increase when tax rates are lowered (Kennedy,Reagan, Bush).
All that is needed to balance the budget is tax-cuts and an end to ‘baseline budgeting’.
Not if he takes a leaf from obama’s book: stop enforcing a LOT of EPA and other regs. This economy would take off like a rocket if gubmint got out of the way.
Not necessarily. Cuts in tax rates can actually create increases in tax collections as the economy grows.
“These tax cuts while terrific and classy, will enlarge the deficit enormously.”
Not if you also cut wasteful gov spending too.
Increasing the debt by $17 trillion under Obama doesn’t seem to bother anybody.