Follow Paul Wiseman on Twitter at https://twitter.com/PaulWisemanAP
GOP betting that slashing taxes will improve US economy
America ı By USA Herald
0 Comments
But most nonpartisan economists have expressed doubts that the plan will give the economy much of a jolt. They recall that wages actually fell after Congress cut the corporate tax rate in 1986.
What’s more, though the corporate tax cuts would be permanent, the tax cuts for individuals would expire after 2025. And a change in how the government accounts for inflation would lift many individuals into higher tax brackets over time. If Americans had to pay higher taxes, they would be less likely to spend and boost the economy.
Beyond everything else, the timing of the Tax Cuts and Jobs Act of 2017 could work against it. Today’s economy doesn’t need much help. The unemployment rate is at a 17-year low of 4.1 percent. Many employers are already complaining that they can’t find enough qualified workers. And in a vote of confidence in the economy, the Federal Reserve has just raised short-term interest rates for the third time this year.
So a stimulus from a big tax cut could overheat the economy and potentially ignite inflation.
“You throw deficit-financed tax cuts on a full-employment economy, and you’re playing with fire,” says Mark Zandi, chief economist at Moody’s Analytics. “It’s going to get pretty toasty out there this time next year.”
The Fed could respond by raising rates even faster to slow economic growth, offsetting the tax cuts. But the unintended result could be not much growth at all.
Discussion
No comments yet. Be the first to join the discussion!
FOLLOW US
Recent Posts
High Profile Court Cases
June 4, 2026
Four Venezuelan Gang Members Who Entered US Illegally Plead Guilty…
Entertainment
June 4, 2026
Shia LaBeouf Pleads Guilty in Mardi Gras Bar Attack Case,…
Business
June 4, 2026
Kendall Jenner Reveals Her Ultimate Summer Must-Haves as 818 Tequila…
Investigates
June 4, 2026
Trump’s New ‘Aliens’ Website Ignites Firestorm Over Immigration Rhetoric
America
June 4, 2026
Beyond the Pulpit: Washington Archdiocese Strips Exorcist of Duties Amid…
High Profile Court Cases
June 4, 2026
DNA Evidence Under Scrutiny: Timothy Hudson’s Defense Challenges FBI in…
America
June 4, 2026
Senate Democrats Respond to the Graham Platner Texting Scandal
Don’t Miss It
California News
June 04, 2026
Fairfield High School Graduation Shooting Investigation
By – Tyler Brooks
USA Herald
June 04, 2026
Jury Reaches Significant Rebecca Grossman Scott Erickson Negligence Verdict
By – Tyler Brooks
California News
June 04, 2026
15 Hours of Terror: Inside the Downtown Bakersfield Crisis
By – Tyler Brooks
America
June 04, 2026
Northern Lights Could Dazzle Millions Across the U.S. as Strong Geomagnetic Storm Approaches
By – Jackie Allen
America
June 03, 2026
Random Violence Epidemic? Brutal Atlanta Train Stabbing of Elderly Grandmother Highlights Transit Safety Crisis in America
By – Kaley Bessinger
America
June 03, 2026
Tech Executive Busted for Arming Iran With U.S. Tech in Dramatic Raid on Newport Mansion
By – Kaley Bessinger
America
June 03, 2026
Weather Warning: ‘El Niño’ Fears Grow as Forecasters Issue a Global Climate Alert
By – Jackie Allen
America
June 03, 2026
Actor Nick Pasqual Sentenced to 32 Years to Life After Conviction in Brutal Attack on Makeup Artist
By – Jackie Allen
Arizona
January 11, 2025
Kelly Warner Law Firm Blames USA…
6/25/17 Learning of Mr. Levy’s filing to vacate another fraudulent…
By – USA Herald
Arizona
January 4, 2025
Aaron Kelly Law Firm Resorts To…
Professor Volokh thereafter filed a bar complaint against Dan Warner…
By – Jeff Watterson
Arizona
December 12, 2024
Arizona Bar Opens Investigation on Attorney…
USA Herald recently reported on a developing story involving Attorneys…
By – Paul O'Neal
Entertainment
June 3, 2026
Turning the Page: Cassie Ventura Officially…
Cassie Ventura Confirms Departure from the U.S. Following Diddy Legal…
By – Tyler Brooks
Investigates
June 3, 2026
Mystery in the Sewers: NYPD Investigates…
In recent weeks, New York City residents and law enforcement…
By – Tyler Brooks
Business
June 3, 2026
The Guilty Verdict of Andrew Left:…
The recent federal court ruling finding prominent activist short-seller Andrew…
By – Tyler Brooks
Opinion
June 3, 2026
The Pentagon’s ‘Flying Humanoid’: A Masterclass…
Pentagon UFO files human-shaped object, UAP declassification flying humanoid, military…
By – Tyler Brooks
High Profile Court Cases
June 3, 2026
FBI Dismantles Sprawling Multi-State Drug Rings…
MARTINSBURG, WV — In a major coordinated federal and local…
By – Tyler Brooks
Investigates
June 3, 2026
Deep Divide: Inside the Unprecedented Feud…
Global Perspectives on the Intelligence Impasse The geopolitical shockwaves of…
By – Tyler Brooks
America
June 2, 2026
Operation Iron Pursuit Leads to Hundreds…
Authorities say the investigation sought not only to arrest offenders…
By – Jackie Allen
America
June 2, 2026
Federal Judge Lets ’86 47′ Flag…
“Use of the statement ’86 47′ and other variations will…
By – Samuel Lopez
America
June 2, 2026
South Carolina Jury Clears Store Owner…
A South Carolina courtroom erupted with emotion Monday after a…
By – Tyler Brooks
America
June 1, 2026
Sleeping Dog Documentary Chronicles Jeremy Corbell’s…
For decades, UFO discussions largely existed on the fringes of…
By – Jackie Allen
America
June 1, 2026
Kendall Jenner, Jacob Elordi and the…
None of this is a knell. I’d never bet against…
By – Nathan Kay
America
June 1, 2026
Rare Blue Micromoon Lights Up the…
The Moon’s changing apparent size is simply a consequence of…
By – Jackie Allen
America
May 31, 2026
Frank Lloyd Wright and the Taliesin…
Relevant Links Frank Lloyd Wright Foundation Taliesin Preservation Guggenheim Museum…
By – Jackie Allen
America
May 30, 2026
Hollywood at a Crossroads: Spencer Pratt…
Spencer Pratt Presents a Competing Vision for Recovery While…
By – Jackie Allen
America
May 30, 2026
Hayden Panettiere has a Memoir About…
Rise to Fame on Heroes and Nashville Panettiere’s breakthrough came…
By – Jackie Allen
America
May 29, 2026
Blue Origin Rocket Explodes in Massive…
Relevant Links Blue Origin Official Website NASA Artemis Program Federal…
By – Jackie Allen
America
May 29, 2026
Blue Origin Rocket Explodes in Massive…
Relevant Links Blue Origin Official Website NASA Artemis Program Federal…
By – Jackie Allen
America
May 28, 2026
Alien Coneheads: New DNA Study Doesn’t…
Until then, the mystery remains unresolved. Science Versus Speculation The…
By – Jackie Allen
America
May 28, 2026
Trump’s Alien.gov Reveal Turns Into Immigration…
Stay Ahead of the Story For exclusive investigative reporting, breaking…
By – Samuel Lopez
America
May 28, 2026
Who’s Lying? E. Jean Carroll Faces…
Todd Blanche Recused from E. Jean Carroll Matter One notable…
By – Jackie Allen
America
May 28, 2026
Super El Niño: Will 2026 be…
ΔTglobal>1.5∘C\Delta T_{global} > 1.5^\circ CΔTglobal>1.5∘C Climate scientists have long warned…
By – Jackie Allen
California News
June 3, 2026
Title: 2026 Midterm Primaries: Key Takeaways…
Discover the crucial results of the June 2, 2026 midterm…
By – Tyler Brooks
California News
June 3, 2026
Bakersfield Bomb Threat Standoff: FBI Assumes…
BAKERSFIELD, California — A massive multi-agency police response completely locked…
By – Tyler Brooks
California News
June 2, 2026
Sabrina Carpenter Granted Restraining Order Following…
Citing “severe emotional distress,” the American pop star has successfully…
By – Tyler Brooks
Entertainment
June 2, 2026
The Diddy Fallout: Cassie Fights Back…
Two Diverging Paths These latest developments highlight an irreversible divide.…
By – Tyler Brooks
Business
June 2, 2026
Archer Aviation: The eVTOL Takeoff Facing…
Conclusion: A Bimodal Investment Archer Aviation is not failing operationally;…
By – Tyler Brooks
Featured
June 2, 2026
From a Casual Night Out to…
It Doesn’t Happen Here’: Quiet Suburb Left Shattered After Fatal…
By – Tyler Brooks
Health
June 1, 2026
New Pill Doubles Survival for Pancreatic…
Federal Agencies Rush Public Patient Access The dramatic clinical success…
By – Tyler Brooks
California News
May 31, 2026
FDA warns public as cookie firm…
“The FDA is issuing this alert to ensure customers are…
By – Tyler Brooks
Health
May 31, 2026
Trump orders CDC to slash childhood…
Pediatricians Defy New Rules as Legal Battle Escalates The administration’s…
By – Tyler Brooks
Health
May 30, 2026
USDA warns Americans over Salmonella in…
Federal Inspectors Order Kitchen Cleanout Federal safety teams are urging…
By – Tyler Brooks
America
May 28, 2026
GKN Aerospace’s Biggest Battle May Not…
If evidence emerges showing that decision-makers knowingly ignored serious safety…
By – Samuel Lopez
America
May 24, 2026
Garden Grove Chemical Crisis Sparks Class…
By Samuel López | USA Herald A full-scale legal and…
By – Samuel Lopez
Featured
June 1, 2026
Wembanyama in Tears: Spurs Dethrone Thunder…
Victor Wembanyama: 22 points, controlling the paint defensively Julian Champagnie:…
By – Tyler Brooks
High Profile Court Cases
May 31, 2026
Supreme Court signals 27 states could…
Timeline of the Historic Legal Battles The path to the…
By – Tyler Brooks
Sports
May 31, 2026
Mauricio Pochettino sounds alarm on Chris…
Mauricio Pochettino sounds alarm on Chris Richards injury By Tylor…
By – Tyler Brooks
International
May 30, 2026
USMNT star Chris Richards tears two…
The countdown to the 2026 World Cup begins The United…
By – Tyler Brooks
America
May 28, 2026
“Money” Mayweather Tucks Tail: $100 Million…
That possibility cannot be ignored here. The dismissal with prejudice…
By – Samuel Lopez
America
May 27, 2026
Mackenzie Shirilla Sent Text Messages to…
Police later concluded there was no evidence indicating she had…
By – Jackie AllenNo posts found.
No posts found.
