More Tax Cuts and Less Tariffs, Please

No matter what one thinks of Trump tariffs, the strategy so far has been a political and economic liability.

Trump was surfing on his highest-ever wave of voter support at the start of his second term right up to mid February, the very moment he changed the subject to tariffs. Since then, as pollster Scott Rasmussen notes, Trump’s numbers have descended.

The tariffs have also corresponded with the stock market sell off. The decline in the value of 401k plans has in turn only deepened voter anxiety. The New York Fed predicted this in December in a paper analyzing Trump’s first term tariff announcements:

Trump has said that his tariffs “will continue to spur growth that you’ve never seen before.”

He may be proven right on the reciprocal tariffs – and we profoundly hope he is. But they haven’t so far.

We urge he president to change his message. He should be relentlessly selling his “big, beautiful” tax cut and bully whip Congress to get the bill on his desk for a big, beautiful and bullish bill signing ceremony.

Now THAT would cause a market rally like you’ve never seen before!

Tax cuts unify conservatives and the nation. Tariffs are having the opposite effect.

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