Under Trump the economy lost 2.9 million jobs.

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Avalon - Under Trump the economy lost 2.9 million jobs. Even before the pandemic, job growth under Trump was slower than it’s been under Biden. Most of the benefits of Trump’s tax cut went to big corporations like JPMorgan Chase and wealthy individuals like Dimon, while the costs blew a giant hole in the budget deficit. If not for those Trump tax cuts, along with the Bush tax cuts and their extensions, the ratio of the federal debt to the national economy would now be declining.

Print Publication Date: 
6/05/2024
Topic: