Kim Perales on Nostr: More threats to the social safety net: "The more economic growth a pol promises, the ...
More threats to the social safety net:
"The more economic growth a pol promises, the worse his or her economic plan probably is.
TSY Sec pick S Bessent says Trump will cut budget deficits in half, to 3% of GDP. But if he also passes all his tax cuts (+ tariffs, & rest of Trump agenda) -requires cutting Medicaid/SNAP/other mand. spending (aside from SS/MDCR) by 2/3."
Today Bessent: Trump's tax cuts #1, & there should be no increase in the minimum wage.
#USPol #Economy
https://www.washingtonpost.com/opinions/2025/01/15/scott-bessent-economic-plan-funny-math/
"The more economic growth a pol promises, the worse his or her economic plan probably is.
TSY Sec pick S Bessent says Trump will cut budget deficits in half, to 3% of GDP. But if he also passes all his tax cuts (+ tariffs, & rest of Trump agenda) -requires cutting Medicaid/SNAP/other mand. spending (aside from SS/MDCR) by 2/3."
Today Bessent: Trump's tax cuts #1, & there should be no increase in the minimum wage.
#USPol #Economy
https://www.washingtonpost.com/opinions/2025/01/15/scott-bessent-economic-plan-funny-math/