🇺🇸💸⚖️ Trump’s 2017 Tax Cuts Face Tough Fight for Permanent Extension 🔹 Summary: Republicans are struggling to extend Trump’s 2017 tax cuts permanently as internal divisions and mounting deficit concerns cloud the path forward. Economic optimism clashes with fiscal reality, as forecasts question whether growth can offset the estimated $6 trillion cost over the next decade. 🔹 Key Points: • House hardliners demand $2 trillion in spending cuts or tax scaling to offset the extension’s cost. • Republicans claim tax cuts will generate $2.5 trillion in new revenue, but budget analysts call the projections overly optimistic. • The Tax Foundation estimates only $700 billion in growth-driven revenue, far below Republican claims. • Democrats warn the plan risks slashing social programs while ballooning the $36 trillion national debt. • Even Republican moderates voice concerns about pushing the economy’s debt capacity beyond safe limits. @CMEActiveTrader Tickers Of Interest: $ES $NQ $ZN Tickers Of Interest: $USD $SPY $DIA $QQQ $TLT
⚠️ Can Trump's tax cuts be made permanent? Tariffs, spending fights cloud the picture - Reuters on Full Story →
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