#特朗普宏大减税法案

Tax cuts to fight inflation? The high-stakes game of Trump's "unconventional tools".
Under the dual pressure of high inflation and slowing growth, Trump proposed to counter the economic downturn with tax cuts, a concept of "counter-cyclical tax cuts" that has sparked widespread controversy.
Traditional logic holds that during high inflation, fiscal tightening should be implemented, while Trump took the opposite approach, hoping to stimulate supply and alleviate cost transmission through tax cuts, softening inflation with a "supply-side expansion" method.
The problem is that reducing taxes in the short term may intensify consumer spending, which in turn could stimulate inflation upward. Meanwhile, a decrease in fiscal revenue could raise the deficit, putting pressure on interest rates to rise further, conflicting with anti-inflation goals.
More critically, if the Federal Reserve's monetary tightening occurs simultaneously with fiscal easing, it will create a "policy hedge," and market expectations may fall into disarray, increasing the risk of severe fluctuations in asset prices.
Trump's attempt at "tax cuts to curb inflation" may be a political gamble, but the economic cost is worth noting. This game is not only a contest of strategy but also a major test of risk management.