garbage statement with no reference. I will presume this is based on static scoring which is also garbage since much of the so called tax reductions come in the form of leaving present tax rules in place and not let them sunset and raise taxes.
You raise taxes you will kill the economy. GDP will go flat or worse decline. Debt to GDP ratio will go up making things worse.
If you read the debt to GDP ratio chart we are already down from the COVID highs. There was nothing that the Biden shadow regime did to accomplish that. Now President Trump is trying to put in place a pro growth agenda and we get all the debt hawks and gold bugs crying foul.
Gold also already went up significantly from over a year ago (Biden shadow regime has credit for that) we have come off our April highs in the 3400 range. So you have missed the lion share of the increase already.
Pass the big beautiful bill!
Put more than 10% of your wealth into Gold at your own risk (opinion not financial advice).
Income tax cuts are always good the more broad the better they are.
Even better would be to repeal the 16th amendment altogether (17th too while we are at it).
So far, so good, but what about government spending?
Revenue increases coming from the result of tax cuts won’t do squat if spending increases even faster. That’s what happened EVEN after the tax cuts of 2017.
Higher spending, higher deficits, higher deficits, either more debt or money printing.