The nice thing about plans such as these are that there are no means for enforcing them. So Trump can say he’s going to cut x from the budget and never actually even intend to do it. What is anyone going to do about it?
Trump has no economic plan. The “plan” might as well be “purple monkey dishwasher”.
He has concepts of an economic plan.
For any with interest, here are links to the (University of Pennsylvania) Wharton School’s analysis of both Trump’s and Harris’s economic plans:
So, in essence, hers is less worse.
It’s a common Conservative belief that a massive percentage of all government spending at every level is waste. Rob Ford became mayor of Toronto blustering and harrumphing about “stopping the gravy train” but when he and his team got in, eagerly brandishing knives for the budget, they found that there really wasn’t much they could touch that wasn’t important and essential. Didn’t stop them from targeting stuff that didn’t touch Tory voters.
Yep. This is the most common Conservative trope since Reagan villified government, and is usually paired with tax cutting as part of their “starve the beast” strategy. Of course, if it ever comes to actually cutting into some program, it always HAS to be social programs that keep people alive or fed or preventing old people from rotting in the street, but NEVER the military or those sweet infrastructure projects in their home districts.
And of course they never would think to suggest increasing taxes on the wealthy or corporations as part of the solution. Increasing revenues in general never comes up, except when Trump seems to view tariffs as a cure-all.
For years, Republicans have been saying that cutting taxes on the wealthy and corporations will increase revenue.
“Hey, Rocky, watch me pull a rabbit out of my hat!”
“That trick never works.”
… will be more than offset by wiping out waste, fraud, and abuse
and
You’ll see such tremendous growth in GDP under my tax plan … we’ll grow our way out of it
… each sell dramatically better than
I’m going to saddle your kids and grandkids with unimaginable debt in order to cut taxes for the wealthiest Americans.
It’s poll tested (probably).
So if taxes on corporations and the wealthy goes to zero, do we get infinite revenues?
Now you’re thinking like a Republican.
It will work, but if it doesn’t, we should start paying subsidies to the rich.
This reminds me of my trading days, when the advent of e-trading led to all the exchanges slashing fees charged on public orders. We joked that fees would eventually go to zero, and even lower.
It was no joke. Within a few months we were actually paying for order flow.
A more formal variant of that statement would be that the growth of the GDP gained by tax reduction is expected to be greater than the interest rate being charged on debt.
That’s not entirely impossible to check, one way or the other.
Trump’s economic plans don’t have to make sense or even be popular. He has already announced that if you vote for him this year, you won’t ever have to vote again. Imagine all the money to be saved by not bothering with elections.
Caution… this might appeal not only to the right, but the “both sides suck, I’m not voting anyway” types.