Shocking! Trump reignites the tax cut storm, $2.4 trillion in massive debt hides an economic bomb!
Trump has restarted the 2017 'super tax cut' plan, vowing to activate the U.S. economy through tax reform, but the Congressional Budget Office has doused cold water on the idea: an additional $2.4 trillion in federal debt could be incurred before 2034! This move has triggered tremendous market turbulence, with the risk of rising fiscal deficits.
The bill cuts $1.2 trillion in spending, especially significantly slashing Medicaid, affecting millions of Americans and sparking widespread social controversy. There is a division within the Republican Party, and Elon Musk has bluntly called it 'ugly and massive', while the White House accuses the budget assessment of bias.
U.S. public debt has reached $37 trillion, and Moody's has downgraded the credit rating, with fiscal pressure approaching a breaking point. The market is concerned that this move will drive up long-term bond yields, stimulate inflation, and exacerbate dollar fluctuations.
What is even more concerning is that traditional financial turmoil may increase demand for cryptocurrency as a safe haven! Global investors are closely monitoring the situation—who will emerge as the winner in this fiscal storm?
This political and economic game is shaking the nerves of global markets; we will be watching closely!