Trump's tax bill conflicts with Trump's trade goals

[Yo_Mama_Been_Loggin]

President Donald Trump says chronic U.S. trade deficits are a national emergency. His tax bill will make them worse.

The Senate began voting Saturday on the president’s signature legislation, which would extend his 2017 tax cuts and fund enhanced immigration enforcement.

Though the measure would slash social programs such as Medicaid, it is expected to add trillions of dollars to the national debt. The House-passed version of the bill would cost $3.4 trillion in increased federal deficits over the next decade, according to the nonpartisan Congressional Budget Office.

Because the government would need to borrow more money to cover that shortfall, interest rates would likely rise. A stronger dollar - a side effect of higher rates - would make U.S. exports more expensive and encourage Americans to buy imports, producing a wider trade gap, economists said.

https://finance.yahoo.com/news/trump-tax-bill-conflicts-trump-163615416.html

[republianmushroom]

1. Just a minor little problem that they will

let the Dems take care of when they come into power. And blame them Dems for letting them do it in 2025. It is Biden's fault.

[Attilatheblond]

2. In the wise word of Jasmine Crockett, words that can be applied to many facets of life under Trumpian chaos

The math ain't mathin'