The idea is that the tax cuts will stimulate the economy, resulting in more tax revenue. Also, if they can manage to cut a substantial amount of waste we might not go into debt much if at all.I dont understand why Trump, if he does want to make the national US debt smaller, still insists with huge tax cuts, would it not be smarter to wait with the tax cuts and instead pay of debt while still work to make the goverment more efficient and try to save on its expenditures wherever it makes sense?
Now, some stuff is silly. Making car interest payments deductible is just encouraging people to get further in debt. Unless it is a way to counter tariffs resulting in higher car prices.