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Thomas L. Hutcheson's avatar

What wins?

Deficits increase not only from the extension of the 2017 “Tax Cuts for the Rich and Deficits Act” but with new monstrosities like not tax no tip and overtime, higher standard deductions and reduce taxes of SS benefits. And spending on Immigration restriction/deportations.

OK there IS a slight reduction in taxation of business income, but why not rates?.

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Andrew L Sullivan's avatar

Trump is using tariffs to push open closed markets. However, before you freak out over tariffs as if it is 1860 or 1828, you should realize in the digital economy, the impact of such tariffs may be far more muted than you realize. Producers and consumers will create new networks around such new tariffs. Be patient, and wait and watch.

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