Republican sweep gives Trump power to slash taxes, may strain deficits
- Posted on November 14, 2024
- By Business News Today
- 1 Views
Republican sweep gives Trump power to slash taxes, may strain deficits
President-elect Donald Trump's aggressive agenda, including tax cuts and spending cuts, is likely to increase the national debt. Despite potential opposition, Republicans aim to utilize budget reconciliation to pass these measures, potentially facing resistance from hardline conservatives demanding entitlement program cuts.