dollarlayer
Do you not realize that Obama inherited an economy in recession from Bush? lmao trying to defend Trump's economic policies is laughable, anyone with an understanding of macroeconomics will that you that his plan will further fuck the US economy
1) He wants to cut taxes on the rich (and cut the number of tax brackets from 7 to 4) which means that even though everyone gets tax reductions, the rich in particular are taxed even less which means that Trump is essentially widening the already large gap between the rich (himself) and everyone else. He also wants to reduce corporate tax to 15% (lol) which further reduces revenue. Such steep tax reductions mean that in the first decade of his plan the US will lose 9.5 TRILLION dollars in revenue and another 15 million and additional $15.0 trillion over the subsequent 10 years. And that's before accounting for added interest costs or considering macroeconomic feedback effects.
2)He wants to build a fucking wall. First of all, over 40% of illegal immigrants come by plane and then overstay their visa, a wall won't help with that. Secondly, the wall would theoretically cost around 25 billion dollars to build, not counting maintenance or staffing costs. The Mexican government has already said they won't pay for the wall, so where is he going to fund such an expensive (and braindead) project from if he's cutting the revenue by trillions of dollars via his tax plan?
3) He wants to impose a 35% and 45% percent import tax on Mexico and China lol???? While that, in theory, could make American consumers buy American goods, it also means that Mexico and China would likely impose import taxes on incoming AMERICAN goods which not only would sour international relations but also destroy American trade considering that Mexico and China are 2 of America's largest trading partners (after Canada) and US exports to the two comes around 350 billion dollars.
4) He wants to increase military spending. How is he going to do this with such expansive revenue cuts? He hasn't explained how he will cut public spending, and such a reduction in revenue would require cuts in public spending never before seen in American history.
5) He says he wants to reduce the deficit. How is he gonna do that when he wants to increase government spending through the wall and military funding without any increase in US revenue? He's going to widen the deficit rofl.
But Hilary is being investigated by the FBI so lets ignore her objectively better policies :OO
I have no problem with Trump supporters lol just don't try to justify a terrible economic plan that objectively goes macroeconomic principles and would hurt everyone besides the rich.