MM#361--Taxes Have Consequences, pt 2 & 10 Reasons why Trumps Economy beats Harris Economy

Theory 2 Action Podcast

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Explore the transformative power of tax policy and its undeniable impact on economic growth. Many politicians, past and present, have misguidedly underestimated this crucial aspect of governance. As we reflect on historical examples, the successes of JFK and Reagan highlight how lower tax rates can indeed fuel economic expansion. Dive into the complexities of the Laffer Curve and discover why tax cuts are more than just policy— they’re a pathway to prosperity. For those eager to learn more, we recommend diving into the insightful works of Larry Kudlow and Art Laffer.

Our book of the day is from the authors, Art Laffer and Stephen Moore, in "The Trump Economic Miracle."   They were economic advisors to Donald Trump and we can learn about Trump’s knack for making people feel valued and his ambition to emulate Reagan's economic success.

Key Points from the Episode:

  • Through a critical lens, we analyze how Trump's economic policies compare to Biden's, particularly in areas like real take-home pay and inflation. 
  • With the election on the horizon, we explore why Trump's economic message resonates with a broad spectrum of voters, while Bidenomics faces increasing skepticism.
  • In a deep dive into energy policies and business climates, we compare the economic landscapes under both administrations. From the controversy of the Keystone XL pipeline cancellation to the pressures faced by small businesses, we weigh the impacts of Biden’s climate-centric agenda against Trump's deregulation efforts. We wrap up with a hopeful outlook, emphasizing the potential for economic recovery through strategic tax cuts and regulation reductions.
  • We also talk about the role of tax policy in fueling economic growth, guided by Art Laffer's insights in  "Taxes Have Consequences." 
  • Then we highlight 10 reasons by Trumps economic policies will outperform, out stimulate and outgrow Biden-Harris economic proposals plus we give two bonus reasons to further entrench how much better Trump's economic plan is above Harris's plan.  

Join us in championing policies that prioritize financial prosperity for American families.

Other resources:

Lower Taxes, Higher Revenues (the Laffer Curve) by Prager University



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