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What would Donald Trump do for the economy (which is already booming) if he were elected? He’s mentioned only two specific things: lower taxes on the rich and put tariffs on imports to promote domestic production.
Well, when he was president before, he lowered the taxes on the rich, which ballooned the national deficit enormously. Taxes are what the IRS calls revenue, and when that goes down, debt increases. Of course, funding for the needy could be slashed, but would it really make up for a tax holiday for the rich?
As for tariffs on imports, that would raise prices dramatically for everyone, especially customers of stores like Walmart. And people are already upset about inflation, though it is cooling a bit.
Before you think Trump will save America, do the math yourself.
David Chappell
Kaneohe
EXPRESS YOURSELF
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