Tuesday, January 28, 2025

RIGHT WING Economist slams Trump’s latest tax cut demand as 'major strategic error'

Maya Boddie, Alternet
January 28, 2025

U.S. President-elect Donald Trump shakes hands with U.S. House Speaker Mike Johnson (R-LA) as he meets with House Republicans on Capitol Hill in Washington, U.S., November 13, 2024. REUTERS/Brian Snyder

President Donald Trump on Monday urged the House of Representatives to renew his tax cuts

This comes as the GOP-controlled Congress attempts "to overcome internal differences on how to pay for" the president’s "sweeping tax cuts, with hardline conservatives determined to reduce an annual federal deficit approaching $2 trillion," according to Reuters.


Aisha's Hanse, a senior national correspondent for Fox News, reported via social media: "TRUMP calls on Congress to renew his tax cuts — 'We got to get that done. And we don't want to get hung up on the budget process. We just want, whether it's one bill, two bills, I don't care.'"

Michael R. Strain, director of economic policy studies & senior fellow for the American Enterprise Institute, wrote: President Trump’s decision not to provide leadership on the legislative strategy is a major strategic error that could come back to haunt him.”

Semafor congressional bureau chief Burgess Everett commented: "The easiest way to get hung up on the Budget process is to not pick how to execute the budget process"


No comments: