...no, that's not Trump's intent to cut the budget deficit, he merely wants to cut Govt spending and raise tariffs to fund his large tax cuts.
...so poor common people would have to be lumbered with job losses and higher inflation (from higher tariffs) to pave way for tax cuts that disproportionately benefit the rich and high income earners and big business.
...essential a wealth transfer.
...of course, David Tepper says he does not care about tariffs. Who should really be worried?
If Trump really wants to slash government spending and shutter entire agencies and departments, all he has to do is refuse to sign any increase in the debt ceiling. Then Congress has no choice. They must cut enough current spending to balance the budget. No court can stop this. https://x.com/PeterSchiff/status/1890904139753820565
