Under my plan, incomes will skyrocket, inflation will vanish completely, jobs will come roaring back and the middle class will prosper like never, ever before," Trump said.
Lol. Inflation is already down to 2 to 3 percent, he must not be paying attention . The crisis is over
Inflation will vanish completely? Go to zero? Lol. No. Well maybe if we have a strong recession. And there is a reason the fed target is 2 percent, not zero. Trump is an economic idiot
Tariffs on China were a central part of Trump's first term as president. Now, he says that he will impose even more tariffs if he wins in November.
Terrific will increase inflation.
A recent study found that a broad implementation of tariffs would raise the inflation rate by about ¾ percentage point relative to the current baseline Trump is an economic idiot
Trump reiterated his promise at the Republican convention in Milwaukee to deliver "massive tax cuts" if he wins in order to provide some economic relief for workers.
Taxes aren't part of inflation directly but indirectly if anything lower taxes would increase inflation
Income tax increases
According to the American Economic Association, higher personal income tax rates can lower prices across many sectors and reduce inflation expectations. This is because income taxes reduce disposable income and spending, which can decrease aggregate demand. However, tax cuts can increase demand, which can lead to higher prices if firms have difficulty increasing production.
Trump is an economic ******, but so are his voters
Lol. Inflation is already down to 2 to 3 percent, he must not be paying attention . The crisis is over
Inflation will vanish completely? Go to zero? Lol. No. Well maybe if we have a strong recession. And there is a reason the fed target is 2 percent, not zero. Trump is an economic idiot
Tariffs on China were a central part of Trump's first term as president. Now, he says that he will impose even more tariffs if he wins in November.
Terrific will increase inflation.
A recent study found that a broad implementation of tariffs would raise the inflation rate by about ¾ percentage point relative to the current baseline Trump is an economic idiot
Trump reiterated his promise at the Republican convention in Milwaukee to deliver "massive tax cuts" if he wins in order to provide some economic relief for workers.
Taxes aren't part of inflation directly but indirectly if anything lower taxes would increase inflation
Income tax increases
According to the American Economic Association, higher personal income tax rates can lower prices across many sectors and reduce inflation expectations. This is because income taxes reduce disposable income and spending, which can decrease aggregate demand. However, tax cuts can increase demand, which can lead to higher prices if firms have difficulty increasing production.
Trump is an economic ******, but so are his voters
