Listen "Todd Federman - Decoding President-elect Trump's Economic Policies: Impacts on GDP, Employment, and National Debt"
Episode Synopsis
In this episode Feliciano School of Business economics professor, Todd Federman, offers a compelling analysis of President-elect Donald Trump’s proposed economic policies. Todd demystifies the intricate connections between mass deportation of undocumented workers, sweeping tariffs, and the decision to maintain current income tax rates until 2026. By dissecting these proposals, Federman provides a glimpse into how they might affect the GDP—a critical measure of the nation's wealth—and explore their potential ripple effects on employment and income distribution across America.As we navigate through the complexities of federal budget dynamics, Todd sheds light on the implications of the projected $2 trillion deficit for 2024 and the mounting national debt, which now exceeds the annual GDP. This episode provides listeners with anunderstanding of how these economic elements interplay, influencing tax revenues, government spending, and ultimately, the nation's fiscal health.
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