Birdwatch Note Rating
2024-08-19 01:28:40 UTC - HELPFUL
Rated by Participant: 4FFB112E7720CB32452D45835F831C16CF719CDF7E4753AFB1AC59354BF8167B
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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