Americans Voted for Cheaper Household Goods & Pro-Growth Policies

Former Trump economic advisor Stephen Moore and Steve Forbes, chairman and editor-in-chief of Forbes Media, are calling on the president to “put the fragile U.S. economy first” and halt tariff policies that further threaten economic stability and jobs.

In a compelling op-ed published in the New York Post over the weekend, the duo are urging the administration to make extending the Tax Cuts and Jobs Act, passed during President Trump’s first term, a top priority.

They write that extending the TCJA would sustain economic growth and benefit middle-class families while new tariffs hinder economic progress and burden consumers with higher prices. 

Moore and Forbes call for a strategic, growth-first approach, ensuring that pro-growth tax policies are firmly in place before pursuing trade measures with potentially far-reaching economic consequences.

Key Passages 

“The last report from the Federal Reserve Bank of Atlanta is indicating a -2% economic growth forecast for the first quarter of the year. Housing and consumer spending are weakening and so is labor force growth, which was down by 500,000 in the latest Bureau of Labor Statistics report. That means America needs a shot of economic steroids to steer clear of the post-Biden recession iceberg. Tax policy holds the key.

“Trump should push for the Senate to get this bill on his desk by Memorial Day. Voters support this initiative by a nearly three-to-one margin, according to a new McLaughlin poll, with even 69% of Democrats in favor.

“President Trump has focused more of his attention of late on tariffs rather than tax cuts. That’s a mistake: He should shift now toward taxes, to head off any slowdown in this critical part of his economic agenda. 

“The longer Congress delays in getting the tax cut done, the longer it will take to feel the economic upside. 

“The ‘tax cuts first’ strategy will help the president get better trade deals long-term — and will force both our friends and our foes to lower their tariffs on American-made products. This is the winning strategy to make America’s economy great again.”

Read the full opinion piece in the New York Post here.