US’s Reagan-era economic promises return as Trump’s AI-fueled growth fantasy
‘Even if AI supercharged the economy, its impact on the government’s finances would be muted’ Back through political history to the age of Ronald Reagan , Republicans have repeatedly promised the US public that tax cuts would pay for themselves, firing up economic growth and filling the government’s coffers.
The promise never really panned out.
From the Gipper’s day on, the Republicans’ tax cuts inevitably increased the budget deficit.
Despite its failure, though, the promise is back, coated in a fine new layer of artificial intelligence pixie dust.
It will fail again.
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5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.theguardian.com — the content belongs to The Guardian US.
