President Trump’s economic success rests on the passage of his one “big, beautiful bill.”
We’ve been talking about this for months, and the timeline on the “big beautiful bill” is still somewhat in doubt, because it has to pass through the House, a version has to pass through the Senate, and then there’s going to be reconciliation between the House bill and the Senate bill.
Whatever you see in the House bill might not end up in the final bill. Massive controversy is already breaking out in the House over where the cuts in spending are going to come from. Many House Republicans are calling for cuts to make up for the loss in revenue to the federal government that occurs when taxes are not increased.
As you know, conservatives have been discussing the Laffer Curve for 50 years. Economist Art Laffer pointed out that if you’re looking for the proper rate of taxation, it…
