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Dulcinea

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

7 replies = new reply since forum marked as read
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Trump is counting on economic growth to offset his tax cuts. But his big, beautiful bill likely wouldn't deliver (Original Post) Dulcinea 8 hrs ago OP
No Republican tax cut since Reagan has created growth. House of Roberts 7 hrs ago #1
Really? The billionaires are going to rush out marybourg 6 hrs ago #2
Total trickle down bullshit as always. Ray Bruns 5 hrs ago #3
Retail sales dropped .9% last month. sinkingfeeling 5 hrs ago #4
If only the 'Murican public not fooled 3 hrs ago #5
Not a single GOP tax cut or budget Old Crank 2 hrs ago #6
They keep buying into the modern-day cargo cult of supply side economics. Yo_Mama_Been_Loggin 2 hrs ago #7

House of Roberts

(6,067 posts)
1. No Republican tax cut since Reagan has created growth.
Tue Jun 17, 2025, 08:50 AM
7 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.

Old Crank

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

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

Yo_Mama_Been_Loggin

(124,563 posts)
7. They keep buying into the modern-day cargo cult of supply side economics.
Tue Jun 17, 2025, 01:37 PM
2 hrs ago

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

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