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Writing in The Washington Post, Phillip Bump explained that for Trump's first term as of September 2019, performance on several key variables was comparable or below Obama's second term (January 2013 – September 2016), as follows: 1) Real GDP was up 7.5% cumulatively under Obama, versus 7.2% under Trump; 2) The total number of jobs was up 5.3 ...
Trump did not pay for those tax cuts with spending cuts, ... and yet inflation remained under control until 2021. Trump now wants to extend his tax cuts when they expire at the end of 2025, to cut ...
According to a Vox analysis, the inflation rate was always under 3% and sometimes under 2% during all four Trump years before cratering to near zero during the peak pandemic, with wage growth ...
Nor did they provoke the avalanche of inflation that critics feared. ... That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records ...
Another key factor among the 2017 tax law changes enacted during Trump’s first term was the provision that brought the U.S. corporate income tax rates in line with those levied in Europe and Asia.
Inflation was much lower under Trump, never topping an annual rate of 2.4%, according to the Bureau of Labor Statistics. The annual rate reached as high as 8% in 2022 under Biden and is currently ...
Nor did they provoke the avalanche of inflation that critics feared. ... That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records ...
Trump, a Republican who defeated Democratic Vice President Kamala Harris in Tuesday's presidential election, will inherit an economy that under Democratic President Joe Biden has recently outperformed