Birdwatch Note Rating
2024-08-18 04:20:29 UTC - HELPFUL
Rated by Participant: 08F6EB5101760950EF470CE332B9343C4798D6440C758C3A5429C3BC1CC4B678
Participant Details
Original Note:
Presidents cannot unilaterally lower tax rates. * They can influence the Fed to do so, but the last time this happened, it led to a decade-long period of inflation. * They can enact policies (like new taxes, tax hikes, spending cuts) but Trump’s policies have been inflationary. https://www.bloomberg.com/news/newsletters/2024-07-20/bloomberg-weekend-reading-economists-warn-trump-policies-would-stoke-inflation
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