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Home Business & Finance Economic Policies

Economist slams Trump’s latest tax cut demand as ‘major strategic error’ todayheadline

January 28, 2025
in Economic Policies
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Economist slams Trump’s latest tax cut demand as 'major strategic error'
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President Donald Trump on Monday urged the House of Representatives to renew his tax cuts.

This comes as the GOP-controlled Congress attempts “to overcome internal differences on how to pay for” the presidents “sweeping tax cuts, with hardline conservatives determined to reduce an annual federal deficit approaching $2 trillion,” according to Reuters.

However, Trump couldn’t care less about the divide.

READ MORE: Trump’s expiring 2017 tax cuts made income inequality worse and especially hurt Black Americans: study

Aisha’s Hanse, a senior national correspondent for Fox News, reported via social media: “TRUMP calls on Congress to renew his tax cuts — ‘We got to get that done. And we don’t want to get hung up on the budget process. We just want, whether it’s one bill, two bills, I don’t care.'”

Michael R. Strain, director of economic policy studies & senior fellow for American Enterprise Institute, wrote: President Trump’s decision not to provide leadership on the legislative strategy is a major strategic error that could come back to haunt him.

Semafor congressional bureau chief Burgess Everett commented: “The easiest way to get hung up on the Budget process is to not pick how to execute the budget process”

READ MORE: Here’s why the cost of extending Trump’s tax cuts just surged by nearly $1 trillion

Tags: cutdemandeconomisterrorlatestmajorslamsStrategictaxtodayheadlineTrumps
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