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Bonus Episode: Assessing the Macroeconomic Consequences of Biden vs. Trump
Moody's Talks - Inside Economics
Assumptions and Key Elements of Republican Sweep Scenario
The assumptions for a Republican sweep scenario include a 10% tariff on China, deporting 1 million unauthorized immigrants annually, cutting the corporate tax rate from 21 to 15%, preserving PCJA personal income tax rates, gutting the IRA except for agricultural subsidies and Medicare drug pricing. Other cuts include green energy investments and IRS auditing bump-ups. The scenario assumes subsidies for farmers due to tariff impacts and retaining Medicare drug pricing to save money. It also doubts Republicans would revisit healthcare reform due to previous failures.
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