What are the implications of rising taxes regardless of the political party in power?
Super Tuesday Sets Up Two-Man Race
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Business, Social Studies
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University
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Hard
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The video discusses the economic growth projections under different political scenarios, focusing on the differences between a Trump presidency and a Democratic one. It highlights the fiscal pressures and deficits forecasted by the CBO, emphasizing the inevitability of rising taxes. The video compares fiscal policies during the Obama and Trump administrations, noting the impact of government composition on fiscal policy. It concludes with a discussion on potential fiscal tightening if political power shifts, particularly with a Democrat in the White House and a partially Republican Congress.
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OPEN ENDED QUESTION
3 mins • 1 pt
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What budgetary constraints might return if there is a change in the White House in 2021?
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