I am all for Trump's tax plan, I think it is fantastic (I'm not an economist). We had something similar in Australia anyway.

During the GFC, we were given $40billion of handouts - $900 to every person in Australia earning under a certain amount - we ended up avoiding a recession. This temporarily boosted our growth, kept businesses actually in business. This money was wasted mainly on whitegoods/electrical goods and other depreciating assets which are all probably broken now - rather than invested.

But this put us in debt - from actually having money in the bank - I think we had 30billion in the bank. Since then our debt has been spiraling out of control.

They've had to increase our income tax, add levy's, and other hidden taxes to make up for the shortfall. We've ended up paying far more than $900 back. I know my tax rate has gone up from 34% -> 37.5% which is approximately $4000 a year.

What I am saying is, it might be a good short term measure to increase growth. What will happen in the long term? You have to pay extra the 1 trillion in interest compounding yearly. You'd hell want to be making that back in growth at a minimum.

Again I am all for the tax break & hope it does work for the Americans. I hate paying nearly 40% tax myself which is wasted on rubbish yearly.

Correct me if I am far off the mark.