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 NBCs 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 everybodys incomes go up.
But a multitude of economic experts across the ideological spectrum doubt thats 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

House of Roberts
(6,067 posts)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)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.
marybourg
(13,473 posts)and start spending their tax cuts?
Ray Bruns
(5,286 posts)
sinkingfeeling
(55,575 posts)not fooled
(6,320 posts)wouldn't fall for it this time.
I can dream, can't i?
Old Crank
(5,783 posts)has generated enough economic activity to pay for the tax cuts. Since St. Ronnie.
OverBurn
(1,235 posts)Yo_Mama_Been_Loggin
(124,589 posts)Trickledown economics is like pissing down one's backside and telling them it's raining.
William Seger
(11,685 posts)... not to people who will hoard it in investment accounts.
mdbl
(6,687 posts)bmichaelh
(838 posts)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.
Sogo
(6,333 posts)nt.