All of a sudden, nothing other than bad news does not come out of the Republican Congress concerning tax reductions. Some people in the house speak of a 5 -year extension of Trump tax reductions. Senators speak of 2 or even 3 budget invoices which would put the tax reductions to the back of the queue. It is a bad economy and bad policy.
Do Republicans suffer from the amnesia of the economy. Which was number one in the elections last November. And there were 2 components to the economy: inflation and affordability. In other words, with Bidenflation increasing by 20%, real salaries for medium and low -income blue collars have dropped. The successful coalition of voters in Mr. Trump’s working class was not based on the breed, sex or culture on the left. It was based on lack of income.
Wesley Hunt representative, R-Texas, discusses the economic growth of President Donald Trump on “Kudlow”.
There are 2 ways to fatten medium income wallets. Reduce inflation, which Reduce energy costsand less public spending and the printing of moneyAnd cut their taxes. Offer policies are always political and economic winners. Worker class voters could not afford to live in Biden’s economy. But republican economic policies must give a lot of room to the elbow to working people so that they can fatten their wallets and easily allow themselves the Trump economy. And if the republican connection is a bunch of failed economic models of government beans, such as the CBO, the GOP should rise and fight it.
Income after Trump tax discounts in 2017 increased by 1.5 to 2 dollars. Even the CBO admits that it was nearly 2 dollars billions above their first estimates. And although it seems to be arcanic and, in the woods, the GOP should use the political reference base of the senator Mike Crappo – which maintains that making the reductions of permanent taxes has not yet caused a loss in the future yet income. They therefore do not have to reduce from $ 4 to 5 billions of dollars in spending immediately. Yes, they should obtain expenses at 3% of Scott Bessent GDP deficits. And reduce the debt / GDP ratio. But the growth dividend of the curve to the tax reductions will be enormous.
The American secretary of the Treasury, Scott Bessent, is aimed at the economic and budgetary objectives of President Donald Trump in his first interview on “Kudlow” since entering the administration.
This is what history shows. And there is another reason why the GOP should make all the Trump tax reductions permanent: the president wants it.
He was elected in the promise of tax reduction among others. As the press secretary of the White House said, Karoline Leavitt products and eliminate special tax lightening for billionaires – including owners of sports teams. Or the escape of interest in investment. These are presidential priorities. He won the elections with a nearby landslide.
His coalition of working class of blacks, browns, Asians, young people, women, men, that the coalition was largely based on an optimistic belief that Trump can rejuvenate the economy And unlimited access to climbing the opportunity is what elected Mr. Trump. Republicans in the House and Senate should not stand on the way to President Trump.
