Business
The Math Behind Trump’s Eye-Catching Economic Ideas
In a record-length State of the Union address, President Trump threw out a string of eye-catching economic ideas. Among them: new retirement accounts for Americans without access to 401(k)s; replacing income taxes with tariff revenue; balancing the federal budget by eliminating fraud; and lowering the cost of housing for buyers while preserving high home values for happy homeowners.
His proposals and promises come as American voters are increasingly frustrated with the economy. About 56% of Americans disapprove of his handling of it, compared with about 40% who approve, according to an average of polls collected by the nonpartisan Cook Political Report.
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