Question
Will Trump's stimulus package( Spending increase and Tax cut) contribute to another huge budget deficit down the road? Is this TAX CUT with large budget
Will Trump's stimulus package( Spending increase and Tax cut) contribute to another huge budget deficit down the road? Is this TAX CUT with large budget deficit necessary for the economy now( could this policy be overheating the economy or inflationary?) or will it cause another financial danger to haunt US economy soon due to crowding out from these huge deficit? or do you agree with supply- sider that Tax cut can boost economic growth so much to generate tax revenue and this will help reducing deficit and debt? or did Trump tax cuts contribute to worsening income inequality between the rich and the poor? Or Biden's Covid stimulus spending will prevent another recession or lead to potential inflation?
This question is on macroeconomics
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