The Speaker wants to calculate the cost of Trump's tax cuts

One must count on it. The House of Representatives' Republican Speaker Mike Johnson wants to examine the incoming President Donald Trump's promised tax cuts in the USA.

ยป Published: November 18 2024

The Speaker wants to calculate the cost of Trump's tax cuts
Photo: J. Scott Applewhite/AP/TT

In the CNN program State of the Union, Johnson was asked about his party colleague Trump's promise to abolish the tip tax. He replied that the party would try to get Congress to adopt the proposal, but also that the economic consequences must be calculated.

Many have concerns about Trump's promises, which also include abolishing tax on overtime pay and reducing corporate taxes. The already difficult-to-control inflation in the US could be further fueled, according to skeptics.

Johnson complemented his reservations with statements about quickly trying to drive through Trump's economic policy in both the House of Representatives and the Senate, where the Republicans now have a majority in both chambers.

But again, Johnson conditions the development:

One must ensure that these new reforms for the American people can be financed and that we can ensure that the economy is a growth-friendly economy.

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TT News AgencyT
By TT News Agency - Translated and adapted by Sweden Herald under license from TT News Agency

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