Reported 11 days ago
Analysts at the Institute of International Finance have warned that Donald Trump's tax cut plans could cause the US national debt to rise from about 100% of GDP to over 135% within a decade. This increase could trigger inflation as Trump's policies, including tariffs on imported goods and tax-free incomes from overtime and tips, stimulate spending while raising import costs. The warning comes amid rising long-term borrowing costs as investors express concerns over the sustainability of expanding debt amidst these projected fiscal policies.
Source: YAHOO