I would not take the word of David Asman. He's a fox shill and if they aren't selling books or sleeping pills, or fruit n veggy pills, or pillows, they are simply full of crap. I would suggest that tax cuts for the wealthy isn't where this country needs to invest. An overall increase in usable funds won't help a lot either right now- as more money in the hands of purchasers, will simply drive up inflation. Today the cure of spending isn't to add more spending- but to slow it down a little bit, but not to start a recession.
If you think more money needs to be in the economy right now- tell us what that would improve? I'd say there needs to be some earned income tax credits for those who make less than 60-70k as a family to afford food and housing. You're not going out to blow that on a car if you are just making ends meet currently.
https://www.cbpp.org/research/federa...led-to-deliver
Top priorities for extending and expanding tax provisions in 2025 should be the Child Tax Credit, the Earned Income Tax Credit (EITC) for adults not raising children, and the enhanced premium tax credits for Affordable Care Act (ACA) marketplace coverage. These credits have a long history of success — in stark contrast to the record of failure of the corporate tax rate cut and other regressive tax cuts. This includes a marked drop in the child poverty rate in 2021 under the American Rescue Plan’s expansion of the Child Tax Credit — a policy that should be made permanent in 2025.
I am not suggesting that every tax incentive created by Trump was bad, but things like putting tariffs on imports and then giving subsidies to farmers was just stupid. A zero sum net gain, and it also created a negative imput to the values of those same farms who were recieving them.
Isn't the open markets approach to economics as touted by ppl like Kudlow and others how the conservatives want the economy to follow? Take natural gas for example- the thing Trumpians are so eager to crow about!
Imagine what will happen when a natural gas hungry world, see's availability and steady outflow from the USA? Imagine when you and I watch our natural gas prices shoot through the roof when those exporting gas can sell it at 2 or 10 times the amount they sell it for now? Imagine how you watch a home heating bill go from 100-500 dollars a month.
It's going to happen - and not in the distant future. As soon as all these "beautiful pipelines" are completed- you're gonna see a radical change in pricing and costs for the avg homeowner.
Tax cuts won't help correct any of that.