{"id":60771,"date":"2025-09-05T13:55:23","date_gmt":"2025-09-05T17:55:23","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=60771"},"modified":"2025-09-05T13:55:23","modified_gmt":"2025-09-05T17:55:23","slug":"the-economic-impact-of-the-trump-presidency","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=60771","title":{"rendered":"The Economic Impact Of The Trump Presidency"},"content":{"rendered":"

On Tuesday, Stephen Moore posted an article at The New York Post<\/a> comparing the Trump economy and the Biden economy.<\/p>\n

The article includes the following graph:<\/p>\n

\"\"<\/a><\/p>\n

The article reports:<\/p>\n

In other words, the middle class mostly treaded water in the Biden years, but enjoyed an income surge through most of Trump\u2019s term.<\/strong><\/p>\n

The Census Bureau also collects data on the income cut-off for households in the bottom 25% of the income spectrum \u2014 that is, the income level a household would have to reach to move out of the bottom 25%.<\/strong><\/p>\n

The article also notes:<\/p>\n

\"\"<\/a><\/p>\n

The article concludes:<\/p>\n

Not even Biden\u2019s large cash welfare benefits could reverse the silent-killer effect of inflation\u2019s 22% cumulative price hikes in gas, groceries and rents from 2021 to 2024.<\/strong><\/p>\n

Second, Trump\u2019s 2017 tax policies<\/a> \u2014 which were and still are ridiculed as \u201ctax cuts for the rich\u201d \u2014 actually benefited all income groups by increasing jobs and boosting the overall economy.<\/strong><\/p>\n

The share of the income-tax burden paid by the richest<\/a> Americans actually rose<\/em> after the president\u2019s tax cuts kicked in.\u00a0<\/strong><\/p>\n

Now that Congress has extended those lower tax rates<\/a>, we may see a similar across-the-board rise in everyone\u2019s income over the next three years.<\/strong><\/p>\n

I am looking forward to the Trump economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, Stephen Moore posted an article at The New York Post comparing the Trump economy and the Biden economy. The article includes the following graph: The article reports: In other words, the middle class mostly treaded water in the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[18477,18478,6106,8321],"class_list":["post-60771","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-household-income","tag-spending-power","tag-stephen-moore","tag-the-new-york-post"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/60771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60771"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/60771\/revisions"}],"predecessor-version":[{"id":60774,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/60771\/revisions\/60774"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}