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By cutting taxes by an estimated $4.5 trillion, the proposed plan seeks to inject hundreds of billions back into the American economy, thereby stimulating spending on homes, businesses, and education for future generations.
Economic Impact
Supporters of the plan argue that increased disposable income due to tax cuts will lead to greater consumer spending and an overall boost in job creation. Businesses are expected to be more inclined to hire and expand, resulting in increased investments and rising stock prices, further lifting wealth for those who participate early in the market.