If not for the Trump cuts — along with the Bush tax cuts and their extensions —federal revenues would keep pace with federal spending indefinitely, and the ratio of the debt to the national economy would be declining. Instead, these tax cuts have added $10 trillion to the debt since their enactment and are responsible for 57 percent of the increase in the debt ratio since 2001. Under Trump the economy lost 2.9 million jobs. Even before the pandemic, job growth was slower than it has been under Biden. The to 6.3%. . The U.S. trade deficit in goods and services in 2020 was the highest since 08