The Trump tax cuts are putting America in a hole
https://finance.yahoo.com/news/trump...203051912.html
Tax cuts and a slowing economy will erode America’s fiscal strength during the next decade, according to a new report from Moody’s Investor Service, the bond-rating agency. At some point, Moody’s might cut the nation’s top-tier credit rating.
The Moody’s warning challenges a core promise of President Trump and his fellow Republicans, who insisted the $1.5 trillion tax cut they passed last year would pay for itself and even generate more tax revenue, not less, because economic growth would suddenly boom. Trump predicted last year that the economy would “take off like a rocket ship” once his tax cuts went into effect. White House economists predicted family incomes would rise by $4,000 or more due to a sharp cut in business taxes.
None of that is happening or coming into view.