Stephen Moore also predicted tax revenue growth and reduced deficits for the Bush tax cuts (<a href="https://www.newyorker.com/magazine/2004/09/06/tax-code" rel="nofollow">https://www.newyorker.com/magazine/2004/09/06/tax-code</a>) and Kansas' recent tax cuts (<a href="https://www.washingtonpost.com/posteverything/wp/2016/07/14/dynamic-scoring-abuse-making-bad-tax-plans-look-good/" rel="nofollow">https://www.washingtonpost.com/posteverything/wp/2016/07/14/...</a>). Maybe he'll be right this time....
I always find it interesting/dismaying how quickly people think the economy can react to changes in policy. For a single family, a change in economic status, such as a new job, pay rise, etc. takes at least many months or years to have a meaningful effect on debt and financial health of that family. A giant economy would take much longer, a few years at minimum, so see the true effects. It’s like steering a giant ship in the water; you can’t make changes and expect it to immediately have an effect. Any benefits we see right now are either a result of the previous administration’s policies, or in the case of the stock market, pricing of future expected gains already made in the market.
Not news, but an opinion piece that seems in contrast with the CBO findings that’s the budget deficit will hit $1 Trillion per year by 2019. What are the benefits for the average American an how does it impact our future?<p><a href="https://www.nationalreview.com/2018/07/trump-budget-deficits-growing-big-spending-fiscal-irresponsibility/" rel="nofollow">https://www.nationalreview.com/2018/07/trump-budget-deficits...</a>