#特朗普税改

When will the market become immune to Trump and his ever-changing policies, and when will it gradually shake off the shadow of the bear?

Trump's tax reform is a typical conservative economic experiment, with its core logic being to stimulate growth through supply-side tax cuts. However, the actual effects are constrained by fiscal sustainability, distributional fairness, and the global economic environment.

This tax reform has been criticized as "a handout to the rich." For example, the top 1% of income earners enjoy more than 20% of the total tax cut benefits, while middle- and low-income families may face an actual tax burden increase due to the removal of personal exemptions and other tax increase measures. The abolition of the estate tax and preferential capital gains tax further widens the wealth gap.

In the short term, the tax reform has boosted market confidence and corporate vitality (due to reduced corporate tax); in the long term, issues such as debt risk, social division, and insufficient industrial repatriation have become more pronounced.

If the new plan further aggressively cuts taxes in 2025, it may exacerbate fiscal vulnerability, becoming a "Sword of Damocles" hanging over the U.S. economy. This policy is both a continuation of Republican ideology and a political choice for the U.S. to restructure its competitiveness in the context of globalization. Its controversies and impacts will continue to ferment.