Donald Trump’s tax cuts would add to American growth—and debt
He has unfinished businesses in making his tax reforms of 2017 permanent
OF THE MANY differences between Donald Trump and Joe Biden, perhaps the easiest to quantify has to do with tax policy. Mr Biden has long pledged to raise taxes on both the wealthy and companies. Mr Trump’s main legislative achievement from his presidency was a tax-cut package in 2017. Unsurprisingly, many corporate bosses prefer Mr Trump on taxes. The big economic question is whether they are being short-sighted and overlooking America’s fiscal health, which they also profess to care about.
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This article appeared in the Business section of the print edition under the headline “Fiscal Trumponomics”
Business January 20th 2024
- Many CEOs fear a second Trump term would be worse than the first
- Donald Trump’s populism is turning off corporate donors
- Donald Trump’s tax cuts would add to American growth—and debt
- The bosses of OpenAI and Microsoft talk to The Economist
- China may be losing its sway over Taiwanese business
- Companies run to their own annual rhythms
- Can Arc’teryx’s owner revive Chinese IPOs in America?
- A $35bn mega-merger strengthens a quiet chip duopoly
From the January 20th 2024 edition
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