This is Trump's economy, two years in - News Summed Up

This is Trump's economy, two years in


A year ago, Trump could still have laid blame for the condition of the economy on his predecessor. "The economy has really eaten its cake, and doesn't have much left on the table." Here are the major ways the Trump administration has impacted the economy so far. Tax cuts and rising deficitsThe Tax Cuts and Jobs Act of 2017 dumped billions of dollars into the US economy, and even more came from Trump's first budget, which beefed up the Department of Defense and cut little else. "From an economic perspective immigration is a positive, so reducing immigration has weighed down on the economy."


Source: CNN January 20, 2019 13:20 UTC



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