Trump promising that tariffs would replace the income tax is pie in the sky, but if he believes in this, maybe he could propose something to Congress? Because he’s not going to repeal the tax code by executive order.
I think Trump’s reference to mistaken predictions by Nobel Prize-winning economists was about this: https://www.documentcloud.org/documents/25247867-23-nobel-economists-sign-letter-saying-harris-agenda-vastly-better-for-us-economy/
Trump is surprisingly restrained in his discussion of Supreme Court. Good.
Countries are not, in fact, happy about Trump bullying them with exorbitant tariffs.
Trump Accounts are yet another costly entitlement program for families that will not affect birth rates. Universal Savings Accounts would be much better policy to encourage savings and investment.
Donald Trump insists that he did not name “Trump Accounts.” He merely hired the man who decided, in his infinite wisdom, to name it!
President Trump insists, repeatedly, that he did not choose the name of the forthcoming “Trump accounts.”
Speaking of last year’s reconciliation bill…that’s THE signature legislation of Trump’s second term. Given the slim majorities in both chambers, it’s highly, highly unlikely that Republicans will be able to advance any other major domestic policy bill through the budget reconciliation process before the midterms.
All the new tax carve-outs that Trump just listed are terrible policy. They do nothing to improve economic incentives, are fiscally damaging, and needlessly complicate the tax code. They were mostly proposed during the campaign to buy votes — no tax on tips for Nevada, no tax on car interest for Michigan.
For months, I’ve been hearing from sources that Republicans haven’t done enough to sell their tax cuts. Unsurprising that Trump is using tonight’s address to remind Americans that every congressional Democrat opposed last year’s reconciliation bill, which extended the 2017 tax cuts and created new breaks for overtime pay and tips