Trump’s China Tariffs Could Revive U.S. Industry, Cut Debt

A budget resolution passed by the House of Representatives last week with the narrowest of margins has left conservatives queasy because of the usual devil’s bargain embedded in the legislation, once again exemplifying Washington’s structural faults.

The budget resolution, backed by President Donald J. Trump and House Speaker Mike Johnson, R-La., includes $4.5 trillion in tax cuts over the next 10 years and supposedly will eliminate $2 trillion in spending while raising the national debt ceiling by $4 trillion.

In other words, it will give the American people some short-term structural relief while facilitating the spending binge that remains the bane of fiscal conservatives.

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