Donald Trump’s “great and beautiful bill” seems, in the view of Vinícius Rodrigues Vieira, professor of economics at FAAP and RI (International Relations) at FGV (Getulio Vargas Foundation), with “a bet that he will inevitably lose.”
The Budget MegaProject of Republican Management suffers resistance within the party itself. The reason? The play is expected to raise the US Trillion debt by another $ 3 trillion over the next 10 years.
The reason behind the break is, above all, to cut taxes and tax exemption regimes, which leads the economy teacher and laughs to evaluate that “Trump is an economic populist.”
Corporate taxes, for example, should be reduced to about 21% of what the latest version of the text is today ,.
“Trump wants to gain time to show that with tariff it can increase the treasure recipe while cutting taxes. […] He wants to signal a certain fiscal responsibility, which he certainly does not have because the total cost of $ 3 trillion is already a significant addition to the debt in the next 10 years, “ponders Vieira.
To increase savings in the midst of the big fiscal loss of “Big, Beautiful Bill”, the US President plans to further wipe out government spending – after the one, who was headed by Elon Musk and was responsible for the resignation of civil servants and reducing money from various bodies.
Now, in the sights of the budget project, is Medicaid, a program that allows 80 million poorest Americans to fund a health plan.
Vieira sees the strategy as a risk to Trump, as part of her base depends on help, especially the portion of rural communities.
The alternative that the Republican offers to maintain the support of this electorate is to further harden immigration policy, which pleases the Republican supporter.
The poorest audience can, however, bend more to Democrats since they tend to support the maintenance of these resources, according to the teacher.
“Trump not only bets on the union budget, but makes an ampsota about his own political narrative structure that led him to two terms in the White House,” concludes Vieira.
