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But is it really that simple?
Why Cardone Might Be Right
Trumps tax plan could empower the middle class and stimulate economic growth.
Heres what could happen if the plan goes into effect.
She pointed toTax Foundationdata indicating that households would save 14.5% of their yearly income, on average.
Running the federal government requires the math equation of receipts versus expenditures to make sense, Johnson explained.
And, collecting tariffs on imported goods would not make up the difference from these proposed tax cuts.
Rising Costs
Taxpayers could also see a rise in the cost of living.
Preisner claimed that Social Security and Medicare would most likely take the hardest hits due to the funding challenges.
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