Real GDP has been 2.43% compound annual 1Q2017 through 1Q2025. And that includes all the obscene pandemic spending.
This isn't even close to the 2.8% Trump cheerleaders are promising, let alone the 3% The Speaker touts.
There's no new tax cut. The Trump tax reform from his first term simply continues. There's no injection of new money on a permanent basis involving tax bracket changes, nothing substantively different for the average taxpayer.
There are short-term gimmicks for seniors, earners of tip income, earners of overtime pay, car-buyers, etc., but most of these are scattershot and most importantly, most of them expire in 2028.
The incremental adjustments which occur naturally to standard deduction amounts would occur anyway.
More above average income filers will be able to itemize than previously, but only until 2030.
