The Trump regime is contemplating cutting the payroll tax (that funds the social security trust fund) and that’s not a good idea. Cutting taxes doesn’t solve a supply problem…but it can boost purchasing when there is a low demand issue.
Giving tax breaks or subsidies to the airline industry or oil/gas industry isn’t a good idea either. When you are telling people not to travel or attend large events…well they aren’t going to do it. They will have to work it out…the ‘free market’ can do that.
But something that might put a little spring back in the economy would be to drop tariff’s on Chinese goods. When the supply chain starts to get back to normal, lower prices on imports will take some of the pinch out of American wallets…immediately.
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