I referred back with want because I was directly answering him- who said he thinks this might be what Trump wants. That’s the only reason I spoke about it in that sense.
so far inflation is going down even 1.5 months after “liberation day”. Last quarter inflation was 1.5% and that is with shelter being dumbly higher than it should be.
There’s no US legislation coming down the pipeline that’s going to be more involved in creating debt than we already have. Thats because, other than reconciliation there is no legislation that’s going to happen. I don’t think spending gets worked back much in reconciliation but they aren’t expanding spending in a major way.
As far as “the tax cuts” go all they are doing is extending what we were already doing and taking a practical approach to tips (it’s not worth cost both financial and credibility wise) to try to collect that small amount of money from tipped employees. That’s small ball. We’ve been living under (basically) the tax regime for 7 years- reconciliation isn’t going to blow up receipts in that sense.