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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 ...
A study by the nonpartisan Tax Policy Center found that tariff, and one of 60% on Chinese goods that Trump has also proposed, would lower the average post-tax incomes of American households by ...
Here’s a look at what could happen to inflation, jobs and the deficit if Trump or Harris win in November. Inflation and jobs. Trump’s tariff policy would controversially charge dramatically ...
Economic policy of the second Donald Trump administration Index of articles associated with the same name This set index article includes a list of related items that share the same name (or similar names).
Trump now wants to extend his tax cuts when they expire at the end of 2025, to cut the corporate income tax further − to 15%from its current 21% − and to exempt Social Security benefits from ...
The legal basis cited in Trump's tariff order is Section 232 of the Trade Expansion Act of 1962 which under certain circumstances allows the president to impose tariffs based on the recommendation from the U.S. Secretary of Commerce if "an article is being imported into the United States in such quantities or under such circumstances as to ...
3. Harris wants to scale up tax credits for families and first-time homebuyers, while Trump wants to create new tax breaks. Trump’s Tax Cuts and Jobs Act expanded the child tax credit (CTC) for ...
Inflation began surpassing income growth just as Biden took office in 2021 and never stopped until the start of 2023. That held true even though wages rose faster under Biden than during Trump’s ...