What Would the Economy Look Like Under a Second Trump Term? [The New York Times]
Goldman Sachs Group, Inc. (The) (GS)
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Source: The New York Times
Speculating about how the economy would perform under a second Donald Trump presidency normalizes the candidacy of a deeply flawed human being. But we’ll all have to live in Trump’s world if he’s elected. So it seems important to talk about the economic outlook under another Trump term.I talked this week to several of Trump’s economic advisers. They told me that a Trump 2.0 administration would be a lot like the Trump 1.0 administration — except, they hope, more disciplined and more effective.Trump has said he wants to extend in full the Tax Cuts and Jobs Act of 2017, parts of which are set to expire at the end of 2025. The act slashed the corporate income tax to 21 percent from 35 percent and lowered personal rates. He hasn’t said much about how he would offset the revenue cuts with spending cuts, aside from trying to repeal the clean energy spending in the Inflation Reduction Act, which wouldn’t do the trick.Trump’s plan for fighting inflation focuses on increasing the supply of goo
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