Trump policies will be expensive. How Project 2025 costs may impact you.
President-elect Donald Trump will inherit what I consider the strongest domestic economy in 50 years. Job growth, wage growth and GDP growth are all strong, and inflation has returned to its normal plodding path. We could be in the midst of a long expansion.
It is not hard to gauge the policy choices Trump will prefer. Project 2025, of which I’ve written, will tell us what we need to know about economic and fiscal policy. It is a detailed road map and will animate much of what happens in the executive branch over the coming years. Much, but not all, of Project 2025 will require compliance in the House and Senate. That seems unlikely, at least until the next election.
Project 2025 tells us to expect a big expansion in political appointees to civil service, from 4,000 to 20,000, which appears to be possible without the support of Congress. With that, we’ll see efforts to pressure states to expand universal school vouchers, reduce environmental regulation and expand energy production on federal lands.
Much of this won’t come to pass, because it falls to the purview of state governments or will be tied up in courts for years. Like these changes or not, don’t expect them all in four years.
This, of course, depends upon the next administration’s compliance with the Constitution, a dubious proposition to be sure.
Project 2025 also contains varied proposals that would reverse benefits to veterans of the wars in Iraq and Afghanistan, restrict access to abortion-related medications, abolish the Department of Education and link federal classroom funding to schools that follow approved........
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