“Donald Trump knows his policies could wreck the economy, but he’s doing it anyway,” said Senate Democratic Leader Chuck Schumer of New York. “Why are they doing all these crazy things that Americans don’t like? One reason, and one reason alone: tax breaks for billionaires, the north star of the Republican party’s goals.
n many ways, the president is addressing what he perceives as unfinished business from his first term. Trump meaningfully increased tariffs, but the revenues collected by the federal government were too small to significantly increase overall inflationary pressures.