June 3rd, 2025
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President Trump's tax cut plans, which involve trillions of dollars, have received a lot of criticism. Many people are worried that these plans could greatly increase the national debt. Critics include Republican senators, international investors, voters, and Elon Musk. They are concerned that the proposed policy might not reduce deficits as promised. However, the White House has denied these worries, saying that the tax and spending cuts will add over $5 trillion to the national debt in the next ten years. They believe these changes will help the economy grow and reduce the deficit compared to the overall economy. But, most economists don't believe that the plan can create enough growth to make up for the increased debt. Also, these tax and spending cuts are set to end in 2028, which could create a difficult situation for future lawmakers. While the White House is depending on money from tariffs to cover the extra deficits, recent court decisions have made this strategy uncertain.
June 3rd, 2025
Steel Tariffs Rise: Will Trump's Promise of Cheaper Groceries Fail?
Steel Tariffs Rise: Will Trump's Promise of Cheaper Groceries Fail?
Asian Stocks Climb as US Market Optimism Grows with Trade Hopes
Asian Stocks Climb as US Market Optimism Grows with Trade Hopes
US Consumer Confidence Rises Again Despite Trade Worries
US Consumer Confidence Rises Again Despite Trade Worries
US-EU Trade Fight: Trump's Goals and Europe's Possible Offers
US-EU Trade Fight: Trump's Goals and Europe's Possible Offers
Salesforce Plans to Acquire Informatica for Around $8 Billion
Salesforce Plans to Acquire Informatica for Around $8 Billion
European Firms Reduce Spending and Investment in China Due to Slower Growth
European Firms Reduce Spending and Investment in China Due to Slower Growth
Walmart Raises Prices Due to Trade Tariffs
Walmart Raises Prices Due to Trade Tariffs
Starbucks Staff Strike Over Dress Code Changes: Over 2,000 Walk Out
Starbucks Staff Strike Over Dress Code Changes: Over 2,000 Walk Out
Japan's Economy Affected by Trade Issues and Reduced Confidence
Japan's Economy Affected by Trade Issues and Reduced Confidence
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