Welcome to our community

Be apart of something great, join today!

Register Log in

2024 Presidential Election | ELECTION DAY 2024

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 8K
  • Views: 285K
  • Politics 
www.nytimes.com

Trump’s Plans Could Increase U.S. Debt While Raising Costs for Most Americans

A new analysis estimates that the former president’s proposals could grow deficits by as much as $15 trillion over a decade.
www.nytimes.com www.nytimes.com

Former President Donald J. Trump’s economic proposals could inflame the nation’s debt burden while ultimately raising costs for a vast majority of Americans, according to a pair of new economic analyses that are among the most in-depth studies to date of the Republican nominee’s plans.

The Committee for a Responsible Federal Budget, a nonpartisan group that seeks lower deficits, found that Mr. Trump’s various plans could add as much as $15 trillion to the nation’s debt over a decade. That is nearly twice as much as the economic plans being proposed by Vice President Kamala Harris.

And an analysis from the Institute on Taxation and Economic Policy, a liberal think tank, found that Mr. Trump’s tax and tariff plans would, on average, amount to a tax increase for every income group except the top 5 percent of highest-earning Americans.

The two new studies differ in some respects. The budget group looked at the cost of both candidates’ tax and spending plans over 10 years, while the tax institute focused on what the impacts of Mr. Trump’s tax and tariff plans would be in 2026. But together they show that Mr. Trump’s agenda could be both costly and regressive by placing a greater burden on those making the least amount of money.

Over the course of his campaign, Mr. Trump has floated a flurry of potentially far-reaching policies, including exempting certain forms of pay from taxes and levying broad tariffs on nearly all imports to the United States. He also wants to extend elements of the tax law he enacted in 2017 that are set to expire after next year.

“It’s almost difficult to come up with a tax plan that would raise taxes on most Americans, but still increase the deficit by hundreds of billions of dollars a year — and that’s what this does,” Steve Wamhoff, the federal policy director at I.T.E.P., said.
 

Mark Esper
Former Secretary of the Army 2019 to 2020
Secretary of Defense under DJT
Another cabinet member who didn’t survive
 
DantesHair said:
Translation: “If my daughter gets raped in middle school, I’m one of the ones that will have enough resources to get her to Virginia where she can have an abortion. And it’s only because I voted for Trumps economy that we had enough cash and low gas prices to get her there.”
Click to expand...

DantesHair said:
Translation: “If my daughter gets raped in middle school, I’m one of the ones that will have enough resources to get her to Virginia where she can have an abortion. And it’s only because I voted for Trumps economy that we had enough cash and low gas prices to get her there.”
Click to expand...
Trump had the economy he inherited from Obama
The job creation rate was the same as Obama's until the last 2 y3ears of Trump's presidency presidency, when he allowed a pandemic to take hold
He did have a massive tax cut he claimed would spur investment, shortly after which investment declined
Of course you can thank Covid and Trumps mishandling of it for of it for ans the recession that followed his incompetence for those low gas prices
BTW I understand that is Trump's plan to bring down gas prices in the future/
He did solve the problem of massive unemployment that he mentioned many times (~claimed it was running around 40%
When he stopped lying about it and took credit for solving a problem, that never existed

So you're thinking Kamala doesn't have a firm grasp on today's issues

Then there's roe ve wad that he and McConnell torpedoed
The abortion rate which had been declining for decades in fact the decline began shortly after R9e v Wade Congrats it is on the rise again

US abortions reach highest level in over a decade, sparked by surge in medication abortion​

Homicide rates spiked by 68% from April to July 2020
 


Caitlin Stasey Creepy Smile GIF by Smile Movie



 
Last edited:
You must log in or register to reply here.
Back
Top