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Inflation

on February 07, 2025

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The base just fell out for the GOP and Tr*mp: key voting block collapses.

President Donald Trump's re-election has prompted various economic predictions based on his proposed policies. Key areas of focus include: Tax Policies : Trump aims to implement significant tax cuts, including eliminating taxes on tips, overtime, and Social Security benefits. While these measures are designed to boost disposable income and stimulate economic growth, the Committee for a Responsible Federal Budget warns they could substantially increase the national debt. Trump suggests funding these cuts through higher tariffs on imports, a strategy that may face opposition from fiscal conservatives. reuters.com Trade and Tariffs : The administration plans to impose tariffs, particularly on countries like China, Canada, and Mexico, to promote domestic manufacturing and reduce the trade deficit. However, such tariffs could lead to retaliatory actions, potentially hindering U.S. economic growth. The Times & The Sunday Times Deregulation and Energy Production : Trump advocates for...

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