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The Conversation
The Conversation
John W. Diamond, Director of the Center for Public Finance at the Baker Institute, Rice University

Trump’s plans to extend tax cuts and slash red tape will likely spur economic growth − but there’s a cost

President Donald Trump holds up the 2017 tax law after signing it in the Oval Office of the White House in December 2017. AP Photo/Evan Vucci

The economy was one of their top issues as voters went to the polls this year. So what does Donald Trump’s return to the White House – as well as Republican gains in Congress – mean for the U.S. economy?

I followed the election closely, with a keen interest on each candidate’s economic plans. I believe there are two key areas in particular where Trump’s victory could produce economic benefits over the next four years. But there’s also a cost that will have to be paid.

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