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I'm not defending it, but certainly if they then reduce income taxes (which is the plan), consumers would have more money to spend. A portion of that money woul
by guywithahat 2y ago
I'm not defending it, but certainly if they then reduce income taxes (which is the plan), consumers would have more money to spend. A portion of that money would then go back into US manufacturing, further driving up wages
- Volundr 2y agoIf you want to avoid increasing the deficit, you have to take in via tarrifs whatever you cut in income taxes. So no this doesn't mean households now have more disposable income. That money they were paying in income taxes they are now paying in higher prices due to tarrifs. You may also want to double check the plan. Yes there are income taxes cuts included to make the little guy feel like they got something, but as usual the bulk of the cuts will go to the top.