No. of Recommendations: 2
Banksy: Tariffs: Trump's plan to impose substantial tariffs on imports, particularly from China, would lead to increased prices for consumers.
The Peterson Institute estimates that Trump's tariff policies could cost the average middle-income family at least $1,700 annually.Perhaps if this tranche of tariffs were made permanent, and then not to the degree the hair-on-fire progressives hope it has. Trumps tariffs are meant to influence behavior such as border security and be avoided.
Banksy: Immigration policies: Deporting millions of immigrant workers could force employers to pay higher wages to attract a shrinking labor pool, adding to pricing pressures.Trump and Homan have made it very clear who the focus is on. Criminals, aliens who come here not to work for wages but to harvest new victims. Your migrant worker or waiter is not likely to be a dedicated criminal with a long rap sheet including vicious assaults on citizens and other law abiding migrants.
Banksy: Tax cuts: Sharp corporate tax cuts would act as an inflationary fiscal stimulus. (See Trumps 1st term.) Higher deficits: would also act as an inflationary fiscal stimulus. (See Trumps 1st term.)Mostly wrong. Excess spending out running increasing revenues is the primary driver of inflation. Federal Tax Revenues are actually up quite a bit following passage of Trump's Tax Cuts in 2018. This chart shows it pretty well, you may have to enlarge the image.
https://www.usgovernmentrevenue.com/include/usgr_c...Above chart from this site:
https://www.usgovernmentrevenue.com/federal_revenu...Here is another chart I found that shows the revenue increase in a somewhat simplified presentation: here also you may have to enlarge the image.
https://external-content.duckduckgo.com/iu/?u=http... Tax cuts: Sharp corporate tax cuts would act as an inflationary fiscal stimulus. (See Trumps 1st term.)
Higher deficits: would also act as an inflationary fiscal stimulus.
