Economy

A Fiscal “Do You Feel Lucky?” Part II


Previous counts put Trump fiscal promises at (at least) $4 trillion over ten years, compared to Harris $1.7 trillion (or Economist $3 trillion vs $1.4 trillion). Now, let’s place Trump tax cuts at a cost of $11 trillion…From “Trump Dangles So Many Tax Breaks Even Some Advisers Are Confused,” Bloomberg:

Source: Corte, Cook, Dillard, Bloomberg, 23 September 2024.

I’m pretty sure the 200% tariff on John Deere products made in Mexico won’t change this count much (and whatever happened to the “terrific” USMCA Trump (I) negotiated?).

 



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