Site icon The Punching Bag Post

Trump Offers a Cure to “Bidenomics” That Will Juice the Economy and Curb Inflation

&NewLine;<p>Donald Trump&&num;8217&semi;s just-presented economic vision for America couldn&&num;8217&semi;t be a more radical — and encouraging — departure from the Harris-Biden horror show of &&num;8220&semi;Bidenomics&period;&&num;8221&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The former president wants to return to the days when he presided over low inflation and low unemployment — by unleashing domestic manufacturing and energy production&comma; ending wasteful Green New Deal spending&comma; ditching onerous regulations&comma; and making his tax cuts permanent&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>That is a winning policy that is about as far from Kamala Harris&&num;8217&semi; socialist price controls&comma; multitrillion-dollar tax hikes&comma; and more inflation-boosting mistakes of the Biden administration&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Trump sees a more robust energy market jumpstarting the broader economy&period; He aims to halve energy prices &OpenCurlyDoubleQuote;within 12 months” &lpar;triggering lower costs for other goods&comma; too&rpar; by declaring a &OpenCurlyDoubleQuote;national emergency” and ramping up &OpenCurlyDoubleQuote;energy production&comma; generation and supply&period;”<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>&OpenCurlyDoubleQuote;Starting on Day 1&comma;” he vowed&comma; &OpenCurlyDoubleQuote;I will approve new drilling&comma; new pipelines&comma; new refineries&comma; new power plants&comma; new reactors — and we will slash the red tape&period;”<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>He’d also &OpenCurlyDoubleQuote;terminate” the &OpenCurlyDoubleQuote;Green New Scam&comma;” rescinding unspent funds OK’d in Harris-Biden’s price-hiking Inflation Reduction Act&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Other highlights of Trump’s plans to juice the economy include&colon;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<ul class&equals;"wp-block-list">&NewLine;<li>Scrapping 10 on-the-books regulations for every new one&period;<&sol;li>&NewLine;&NewLine;&NewLine;&NewLine;<li>Creating a &&num;8220&semi;sovereign wealth fund&comma;&&num;8221&semi; built largely from tariff collections&comma; to invest in infrastructure&comma; defense&comma; and medical research&period;<&sol;li>&NewLine;&NewLine;&NewLine;&NewLine;<li>Setting up a government-efficiency task force&comma; headed by Elon Musk&comma; to &OpenCurlyDoubleQuote;audit” <em>all<&sol;em> federal operations and recommend &OpenCurlyDoubleQuote;drastic reforms&period;”<&sol;li>&NewLine;&NewLine;&NewLine;&NewLine;<li>&&num;8220&semi;Eliminating&&num;8221&semi; the deficit&comma; using wealth-fund money&comma; increased tax revenue from a stronger economy&comma; and spending cuts&period;<&sol;li>&NewLine;&NewLine;&NewLine;&NewLine;<li>Making his 2018 tax cuts permanent&comma; eliminating taxes on tips and Social Security benefits&comma; and lowering the tax rate for companies that operate in America to 15&percnt; from 21&percnt;&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;&NewLine;&NewLine;&NewLine;<p>He&&num;8217&semi;d couple all this with a bid to &&num;8220&semi;restore the rule of law&&num;8221&semi; in America — his top priority after years of Democrats &&num;8220&semi;censoring speech&&num;8221&semi; and &&num;8220&semi;weaponizing the justice system&period;&&num;8221&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Similarly&comma; he’d crack down on the onslaught of illegal migrants &lpar;his signature issue&rpar; costing Americans jobs and taxpayers &OpenCurlyDoubleQuote;hundreds of billions&period;”<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>It is true that Trump may be unable to meet all those lofty goals&comma; especially if Democrats control Congress&period; Yet he&&num;8217&semi;d push the nation in the right direction after years when Harris-Biden policies drove up energy&comma; and grocery prices and sky-high interest rates made homes unaffordable&period;<&sol;p>&NewLine;

Exit mobile version