May 15, 2017
The Trump tax cut proposal along with his push for increased defense and infrastructure spending may be a fiscal calamity in the making. The tax plan is based on rosy projections of wage and GDP growth that may not pan out. Money taxed out of the economy by the government ends up in the hands of special interests, politicians, and their cronies. Were this money kept in the economy, it would be used by businesses and entrepreneurs to create goods and services to benefit consumers.