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Dulcinea

(8,568 posts)
Tue Jun 17, 2025, 07:54 AM 15 hrs ago

Trump is counting on economic growth to offset his tax cuts. But his big, beautiful bill likely wouldn't deliver

(CNN) President Donald Trump and congressional Republicans are promising that their sweeping tax and spending cuts package will usher in an era of historic economic growth.

“This is going to be jet fuel,” House Speaker Mike Johnson said on NBC’s “Meet the Press” earlier this month. “The reason we call it the Big, Beautiful Bill is because it is a tremendous pro-growth package entwined in this legislation that is going to make everybody’s incomes go up.”

But a multitude of economic experts across the ideological spectrum doubt that’s going to happen. In fact, many argue that the Trump agenda megabill that narrowly passed the House last month would provide even less economic oomph than his 2017 Tax Cuts and Jobs Act – and the jury is still out on how much economic growth that earlier tax cut package spurred.

While independent estimates vary somewhat, most find that the House-passed package would only give a small nudge to economic growth and fail to offset its trillions of dollars of tax cuts.

https://www.cnn.com/2025/06/17/politics/big-beautiful-bill-tax-cuts

13 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump is counting on economic growth to offset his tax cuts. But his big, beautiful bill likely wouldn't deliver (Original Post) Dulcinea 15 hrs ago OP
No Republican tax cut since Reagan has created growth. House of Roberts 14 hrs ago #1
Former Republican Kansas Gov and full time idiot Sam Brownback pulled a tinkle Bengus81 5 hrs ago #10
Really? The billionaires are going to rush out marybourg 14 hrs ago #2
Total trickle down bullshit as always. Ray Bruns 13 hrs ago #3
Retail sales dropped .9% last month. sinkingfeeling 13 hrs ago #4
If only the 'Murican public not fooled 10 hrs ago #5
Not a single GOP tax cut or budget Old Crank 10 hrs ago #6
Reagan jacked up the deficit like no other before him though. Not like his paid for itself. Right? OverBurn 6 hrs ago #8
They keep buying into the modern-day cargo cult of supply side economics. Yo_Mama_Been_Loggin 10 hrs ago #7
If you want to stimulate the economy, give tax breaks to people who will SPEND it William Seger 5 hrs ago #9
That's been a republican pipe dream forever. mdbl 4 hrs ago #11
Healthcare bmichaelh 3 hrs ago #12
Economic growth!?! He's single handedly TANKING the economy. Sogo 3 hrs ago #13

House of Roberts

(6,067 posts)
1. No Republican tax cut since Reagan has created growth.
Tue Jun 17, 2025, 08:50 AM
14 hrs ago

Their excuse for not providing income improvement for working families is that it causes inflation, but their sop to the rich fucks just creates Wall Street inflation, that they are desperate to keep feeding as the baby boom generation cashes out in retirement. They have been planning this for decades, knowing the labor force is going to shrink as the same boomers age out of the work force.

Bengus81

(8,895 posts)
10. Former Republican Kansas Gov and full time idiot Sam Brownback pulled a tinkle
Tue Jun 17, 2025, 06:25 PM
5 hrs ago

down about ten years ago and gave Corporations a 0% tax rate. Same BS "just wait!!" LIES from Brownback on how Corporations were going to flood into Kansas for that cheap rate.

It of course never happened and Kansas almost went bankrupt because of him AND State Republicans who voted for it.

Old Crank

(5,783 posts)
6. Not a single GOP tax cut or budget
Tue Jun 17, 2025, 01:16 PM
10 hrs ago

has generated enough economic activity to pay for the tax cuts. Since St. Ronnie.

OverBurn

(1,235 posts)
8. Reagan jacked up the deficit like no other before him though. Not like his paid for itself. Right?
Tue Jun 17, 2025, 04:42 PM
6 hrs ago

Yo_Mama_Been_Loggin

(124,589 posts)
7. They keep buying into the modern-day cargo cult of supply side economics.
Tue Jun 17, 2025, 01:37 PM
10 hrs ago

Trickledown economics is like pissing down one's backside and telling them it's raining.

William Seger

(11,685 posts)
9. If you want to stimulate the economy, give tax breaks to people who will SPEND it
Tue Jun 17, 2025, 05:51 PM
5 hrs ago

... not to people who will hoard it in investment accounts.

bmichaelh

(838 posts)
12. Healthcare
Tue Jun 17, 2025, 08:17 PM
3 hrs ago

No economic growth will happen.

Even if it did it could not justify the millions that will lose their health insurance.

Per his nephew, Fred Trump, Donald Trump said disabled people should just die.

https://www.democracynow.org/2024/9/6/fred_trump_iii_memoir

Not sure, if Donald Trump denied it.

But his actions since his second term, cancelling medical research and putting quacks in charge of healthcare, makes Fred's story believable.

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