Joint Economic Committee (.gov) https://www.jec.senate.gov › public › _cache › files We will soon be lied to that the increase in GDP will "pay" for the tax cuts. Lies. Read this since the opposite happened in the first term. This time the Atlanta Fed has already predicted the GDP to contract due to DOGE, uncertainty, tariffs on and off, etc. Here's the claims in 1st term : " The president and administration officials, often echoed by Congressional Republicans, claimed that as a result of the tax cuts: Business investment would jump. GDP growth would skyrocket to between 4 and 6 percent.4 Household incomes would increase between $4,000 and $9,000.5 Job growth would accelerate.6 The tax cuts would ‘pay for themselves’—adding nothing to the federal debt, or even reducing it." Here's what actually happened : "Two years after the tax cuts were enacted, evidence clearly shows that the critics were right. Overall, the economy is not outperforming solid trends that predated implementation of the tax cuts and were inherited from the Obama administration. • GDP growth has averaged 2.5 percent—exactly the same as the average in the quarters before the tax cuts, and nowhere near the 6 percent promised by the president. • Business investment, which is essential to a stronger economy, lags substantially behind the average of the quarters that preceded the tax cuts. • Household income increased only $550 in the first year after implementation of the tax cuts—far behind the previous three years and not close to the $4,000 to $9,000 or more per household that the administration had claimed. " Very critical of the first term tax cuts.
The on again off again tariffs thingy isn’t working that great either. Stocks took another tumble today, and I don’t think the jobs report that comes out tomorrow will show any winning either.
Calling BS. We will have unprecedented reductions in inflation, gov spending & the deficit. Further, GDP will easily be double digits. Why? Cuz we'll soon have DOGS. dept. of gov stats p.s. I wish this were a joke.
Of course tax cuts will (again) not pay for themselves. They'll go to top brackets. The only fun part will be that it will help blue voters more than the MAGA rubes who repeat their liar's lies.
Literally won’t matter to Trump supporters. They’ll just say the government is misusing their tax dollars so they should get it back (they’ve already celebrated tax cheats on this site) while ignoring the run up in the deficit despite claiming they want a balanced budget and eventually reduce the deficit.
Collapse the system, you are then forced to sell of the pieces and cut services in order to havre tax cuts.
