Similar Stories to Trump Tax Cuts Won’t Power Growth He Promised on Bing News

“The Trump administration pushed a $1.5 trillion tax cut through Congress in 2017 on the promise that it would spark sustained economic growth. While the tax cuts have goosed the economy in the short term, officials now concede they will not be enough to deliver the 3 percent annual growth the president promised over the long term,” the New York Times reports. “To produce that average growth rate for the next decade, White House forecasters say, the American economy would need additional rollbacks in labor regulations, a $1 trillion infrastructure plan and another round of tax cuts.” “Getting all those policies implemented would be highly unlikely, given a divided Congress and a ballooning federal deficit, which could limit lawmakers’ appetite to spend money on a new tax cut or infrastructure plan.”

Topics:  the trump   york times    to   white house   american    getting   congress   growth   promised   tax cuts   infrastructure   trillion   plan   term   economy   
BING NEWS:
  • Study finds 2024 income tax cuts will result in $1.85 billion in tax savings over 10 years
    A study from an Iowa research institute found that the latest individual income tax cuts will result in $1.85 billion in tax savings for income tax payers in the next decade. The Common Sense ...
    06/3/2024 - 11:55 am | View Link
  • Playbook PM: Inside WaPo’s Monday morning maelstrom
    Hunter’s gallows humor, via WaPo’s Matt Viser: “Jury selection has begun in Hunter Biden’s trial. As he waited for it to start, Hunter greeted his first lady JILL BIDEN in the courtroom with a wry ...
    06/3/2024 - 6:44 am | View Link
  • Playbook: Why both parties see a silver lining to Trump’s conviction
    Among the attendees of Johnson’s speech at the Peoria-Tazewell Lincoln Day Dinner, the consensus was that Trump’s conviction on 34 felony counts would solidify his support among Republicans. (“You’re ...
    06/2/2024 - 4:55 am | View Link
  • Trump’s Plan to Supercharge Inflation
    Among prominent economists, no one was more explicit than former Treasury Secretary Larry Summers in warning that President Joe Biden and the Federal Reserve Board risked igniting inflation by ...
    06/2/2024 - 2:19 am | View Link
  • News updates from May 31: Biden says Israel has offered new ceasefire proposal; S&P downgrades France’s credit rating
    Economic data: China releases purchasing managers’ index data for May, Hong Kong publishes April retail sales and Japan announces inflation data for Tokyo. India’s first-quarter gross domestic product ...
    05/31/2024 - 9:39 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News