ilmscore | Elon Musk SLAMS The Trump Tax Cut Bill

Elon Musk SLAMS The Trump Tax Cut Bill

Published: 2025-06-04
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
President Trump is working to extend the Tax Cuts and Jobs Act and introduce additional tax cuts, with the existing bill set to expire at the end of 2025.
"And this Tax Cuts and Jobs Act bill is set to expire in the end of 2025, which is why President Trump is now working to get this big, beautiful bill passed to extend the Tax Cuts and Jobs Act and add some additional tax cuts as well."
US Tax Policy
Pending
A proposed bill includes a $5 trillion increase to the United States debt limit.
"this bill is also proposing to raise the United States debt limit by $5 trillion."
US Debt Limit
Pending
Interest payments on US national debt are projected to be just under $1 trillion in 2025.
"In 2025, the United States government is expected to spend a little less than $1 trillion on interest payments alone."
US Government Spending
Pending
The US national deficit in 2024 was $1.8 trillion, representing government spending exceeding available funds.
"In 2024, the United States government spent $1.8 trillion that they did not have. That was our national deficit"
US National Deficit
Pending
Inflation is generally beneficial for asset prices, including stocks and real estate.
"inflation generally benefits asset prices. That's things like stocks and real estate."
Inflation and Asset Prices
Pending
Continued national debt, deficit spending, and inflation are predicted to benefit investors more than consumers.
"if we continue to see more national debt, if we continue to see more deficit spending, if we continue to see more inflation, that's good for investors, not good for consumers."
Inflation and Investment
Pending