Promises of lower federal spending are "actually pretty misleading", he added, "when you take into account the plans on the tax side, and what that's going to do to the deficit, and interest costs"…
Tuesday, July 16, 2024
‘This just isn’t going to add up’: experts warn Trumponomics would hurt US
There is an "inconsistency between the big tax cuts and the central goal of reducing inflation", said Zidar. "If they follow through on what they say, it's going to be expansionary. It's going to expand economic activity, increase interest costs [on US government debt] and boost inflation."
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