Tax cuts planned by the Trump admin to stimulate consumption need not increase the government debt if they are funded by the Treasury printing money out of thin air ( as the UK s Bradbury Pound from 1914)
Like a pilot who has to constantly make adjustments to remain on course despite strong winds at low altitude and tubulence and land the plane safely.
It s like a boat captain who has to adjust depending on the wind, waves etc.
There needs to be continuous monitoring and adjustments to keep the US economy on track.
On the one hand, the consumers have to have money to spend on US products.
On the other hand, there have to be US products.
The demand and supply need to match to avoid inflation.
The growth in demand needs to match the growth in supply for a country to grow without inflation.
Cash has to be given to consumers and to the producers to get stuff online quickly.
The ideal method for giving cash without creating debt and interest is to print money.
The Treasury can print money out of thin air to give to the consumers and manufacturers.
To help businesses and manufacturers, red tape can be cut, cash grants given.
For example, a car manufacturer may need to replace parts built outside the US which have become too expensive due to tariffs.
The manufacturer can be given cash to expand their factory, develop and patent their own parts and start manufacturing them also using 3 D printing to get the stuff online more quickly
Or they can be given cash to subsidize payments for commodities, steel, aluminium or others parts they need but which are more expensive due to tariffs but which are still not produced in the USA.
Simply put, the money supply, M1, M2, M3 etc, and the production have to match in their rate of growth for an economy to grow without inflation.
There must be money for people to buy things (demand)
There must be things for people to buy (supply)
If the money supply grows too quickly there will be inflation. If the production grows to quickly, there will be bankruptcies as businesses cannot sell their products.
This is how China has managed to grow its economy with low inflation.
It has used single entry book keeping to print money without debt and give cash grants to businesses, who compete in a free market to produce stuff or do research.
The workforce is critical.
A healthy workforce is vital for economic growth.
War is a drain on an economy.
if too many people are sick and ill to work, then a MAGA reboot will be very difficult.
That is why finding and rolling out free covid cures is vital.
If there is no free media and market place of ideas, MAGA also will not happen.
Information is the key.
From media
Trump’s proposed $4.5 trillion tax cuts could be a game-changer for the economy, but they also raise serious fiscal concerns. While businesses and high earners may benefit, the long-term impact on national debt and social programs remains uncertain. With political divisions within the Republican Party and Democratic resistance, the fate of this plan is still uncertain. Whether it leads to economic expansion or financial strain depends on how spending cuts are structured and how the economy responds in the coming years.
https://www.upexciseportal.in/trumps-new-tax-plan-could-cost-the-us-4-5-trillion/
Not every financial expert agrees. “I believe the inflation impact would be significant,” said budgeting and personal finance expert Aaron Razon of CouponSnake. “If a large amount is distributed amongst taxpayers, a few will invest it, but many would instead increase their spending. That in turn raises demands, drives up prices, and potentially leads to more disruptions in distribution chains.”
Joseph Camberato, CEO at National Business Capital, agreed: “We all saw what happened when the government handed out stimulus checks during COVID. The impact would be smaller this time since it’s a one-time payout instead of an ongoing flow of money, but it would still add extra cash into the economy, which pushes prices up.”
https://finance.yahoo.com/news/might-not-enough-money-musk-120113915.html
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