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Suddenly, nothing more than bad news is leaving the Republican Congress with respect to tax cuts. Some people in the camera are talking about an extension of 5 years of Trump’s tax cuts. Senators are talking about 2, or even 3 budget bill that would put tax cuts towards the back of the tail. This is the bad economy and bad politics.
Do Republicans suffer from amnesia about the economy? Which was the problem number one in the elections last November. And there were 2 components for the economy: inflation and affordability. In other words, with bidenflation rising 20%, real wages for average and low -income workers fell. The successful coalition of Trump working class voters was not based on the culture of race, gender or left. It was based on income shortages.
The representative Wesley Hunt, Republican of Texas, discusses economic growth under President Donald Trump in ‘Kudlow’.
There are 2 ways of gaining the average income wallets. Receive inflation, which would reduce energy costs, and less government expenditure and money printing, and reduce their taxes. Offer side policies are always political and economic winners. The voters of the working class could not afford to live in the Biden economy. But republican economic policies must give a lot of space for elbow to people who work so that they can gain their wallets and easily allow Trump’s economy. And if the republican hanging is a lot of failed economic models of the Government bean counters, such as the CBO, the Republican party should stand up and fight against it.
Income after Trump’s tax cuts in 2017 increased by $ 1.5 to $ 2 billion. Even the CBO admits that it was about $ 2 billion above its early estimates. And although it seems arcane and, in the forest, the Republican party should be using the baseline of Senator Mike Crapo, which argues that making permanent popular tax cuts have not done so, nor in the future, in the future , cause a loss of income. Therefore, they do not have to reduce $ 4 to $ 5 billion in expenses immediately. Yes, they should spend on 3% of Scott Besent’s GDP deficits. And reduce the debt / GDP ratio. But the growth dividend of the Laffer curve of tax cuts will be huge.
The Secretary of the United States Treasury, Scott Besent, is aimed at the economic and fiscal objectives of President Donald Trump during his first interview in ‘Kudlow’ since he joined the administration.
That is what the story shows. And there is another reason why the Republican party should make all Trump tax cuts permanent: the president wants it.
He was chosen in the promise of tax cut, among others. As the White House Press Secretary, Karoline Leavitt, said today, the fiscal priorities of Mr. Trump are very clear: make the 2017 tax cuts permanent, without taxes on advice, without taxes on older people, without taxes On the payment of overtime, tax cuts made in the United States products, and eliminates special tax exemptions for billionaires, including sports equipment owners. Or the escape of interest in interest in investment. These are presidential priorities. He won the elections for a nearby landslide.
His working class coalition of blacks, brown, Asians, young people, women, men, that coalition was largely based on an optimistic belief that Trump can rejuvenate the economy and unlimited access to raise the staircase of the opportunity is what He chose Trump. Republicans in the Chamber and the Senate should not be brought on the path of President Trump.
