The legislative agenda championed by former President Donald Trump has generated a short-term economic stimulus, according to recent analyses, but experts caution that it could pose long-term risks. The tax cuts and deregulation measures implemented during his administration initially boosted consumer spending and business investment. However, concerns have been raised about the sustainability of these policies, particularly regarding their impact on the federal deficit and long-term economic stability.
Economists warn that while the immediate effects were positive, the long-term consequences may include increased inflationary pressures and a widening budget deficit. The Congressional Budget Office (CBO) has projected that the cumulative deficit could grow significantly over the next decade if similar policies are extended without corresponding revenue increases or spending reductions.
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Trump’s ‘Big’ Bill Delivers Near-Term Economic Boost, Longer-Term Risks – WSJ WSJ