A out-of-control spender: Trump approved $8.4 trillion of new 10-year borrowing during his term — nearly twice as much as President Joe Biden has so far in office,
Heavily relies on bad "research"
Not only does Trump want to extend his 2017 tax cuts — a move that the Congressional Budget Office warns would cost nearly $5 trillion — but the former president recently told CEOs during a closed-door meeting that he’d like to cut the corporate tax rate even further.
He's for raising tariffs on China and all other trading partners — a move that Moody’s Analytics predicted would kill jobs and worsen inflation.
Moody’s Analytics cautioned that if Republicans sweep into power in November, a toxic mix of higher tariffs, fewer immigrants and tax cut-fueled stimulus would cause inflation to reaccelerate, unemployment to climb above 5% and the US economy to stumble into a recession.
By contrast, Moody’s found that if Biden wins and there is a divided Congress, the Fed will start cutting interest rates, inflation will go back to normal and the US economy will avoid a recession.
Heavily relies on bad "research"
Not only does Trump want to extend his 2017 tax cuts — a move that the Congressional Budget Office warns would cost nearly $5 trillion — but the former president recently told CEOs during a closed-door meeting that he’d like to cut the corporate tax rate even further.
He's for raising tariffs on China and all other trading partners — a move that Moody’s Analytics predicted would kill jobs and worsen inflation.
Moody’s Analytics cautioned that if Republicans sweep into power in November, a toxic mix of higher tariffs, fewer immigrants and tax cut-fueled stimulus would cause inflation to reaccelerate, unemployment to climb above 5% and the US economy to stumble into a recession.
By contrast, Moody’s found that if Biden wins and there is a divided Congress, the Fed will start cutting interest rates, inflation will go back to normal and the US economy will avoid a recession.