What Trump’s return to the White House could mean for the economy and taxes
Voter frustration with their economic lives was central in propelling Donald Trump to a second term. Now, it will be up to Trump to try to change that trajectory and deliver on his sweeping promises of economic revival.
Trump will inherit an economy already on relatively solid footing. Inflation has slowed and wages have begun to catch up with higher prices. While companies aren’t hiring at the same breakneck pace as they were coming out of the pandemic, the job market remains strong by historic standards, with low unemployment and around one job opening for every person looking for work.
But despite the signs of strength in the economy, the cost of living and overall dissatisfaction with the economy was repeatedly cited as a top concern by voters heading into the election. Housing c...